Quote:
Originally posted by Atticus Grinch
I've seen it in long term commercial leases (ugh). Net lease = tenant pays utilities, RE taxes, and any special assessments. Net net lease = tenant pays all of the above plus insurance. Net net net lease = all of the above plus maintenance, upkeep and repairs.
The triple net lease is really only used for industrial property where the tenant probably can get cheaper repairs and lawnmowing than the owner.
I think it's just a wonky way of saying "at the end of the day."
|
Hm, so it comes down to whether one wants to be hokey or wonky, it appears. Also hokey: starting a sentence with "Thing is,". I'm sure there are others, but I'm blocking them.
