Let’s Talk About Triple-Net Leases
When entering the world of commercial real estate, you were probably told to pick one of the basic types of leases and to stick with it. Determining whether a gross, net or modified gross lease is best for you can depend on a number of factors, including who you’re marketing your building to and what type of structure you have. If you’re thinking about a net lease, you’ll find that the term can actually be broken down even further, into three categories: single, double and triple. Single net leases have you charge the tenant for rent (high), utilities, and a part of