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Triple Net Lease
The net lease requires the tenant to pay, in addition to the fixed rent, some or all of the property expenses which normally would be paid by the property owner (known as the "landlord" or "lessor"). These include expenses such as real estate taxes, insurance, maintenance, repairs, utilities and other items.[1]
The precise items that are to be paid by the tenant are usually specified in a written lease. For properties that are leased by more than one tenant, such as a shopping center, the expenses that are "passed through" to the tenants are usually prorated among the tenants based on the size (square footage) of the area occupied by each tenant. The term "Net Lease" is distinguished from the term "Gross Lease". In a net lease, the property owner receives the rent "net" after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit.
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How to cash a cashier's check without ID?
I would get some I.D.! Other than that, maybe you can tell the investigator you ...
Must a landlord return a deposit placed on an apartment before the lease was signed if the lease doesn't get executed?
good question and tough situation. What you can do realisticly and what you shou...
How can I break my lease due to poor car parking facilities?
You can leave the apartment and break your lease, before doing so, make sure you...
Our landlord just put our rental on sale. We have been excellent tenants and have never had issues with rent payments. We do not want realtors bringing clients into our home when we are not present. Recieved a letter fro
Landlords have a right under law to enter dwellings during normal daylight hours...
How can I protect myself against a roommate who may be trying to kick me out?
Talk to her about your concern first. If she continues with her outlandish behav...
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