what is the difference between a NNN Lease and a full service lease.

In Leasing Property - Asked by Lamont C. - Jul 10, 2011
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Answer(s)

Nirav P.
Property/Asset Manager
Salinas, CA

The gross lease = the landlord pays the cost of operating the property and sets the rent at a price that’s above the operating expense.
The modified gross lease = the landlord passes some of the operating costs, like utilities, to the tenant.
The single net lease = the tenant pays the property taxes and the rent. The landlord pays the other operating costs.
The double net lease = the tenant pays the taxes, insurance, and the rent. The landlord pays the other operating costs.
The triple net lease = the tenant pays the taxes, insurance, maintenance costs, and the rent.
The bondable lease = the tenant pays all the costs associated with the upkeep of the building in addition to the rent.

Jul 10, 2011
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Jeremy C.
Broker/Agent
Wakefield, MA

Lamont,

Jul 10, 2011
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