Net leases shift financial responsibilities to the tenant for property insurance, property taxes, and common area maintenance (CAM). There are three types of net leases: single net, double net, and triple net. In a single net lease, the tenant is responsible for one of the financial obligations. In a double net lease, the tenant is responsible for two of the financial obligations. In a triple net lease, the tenant is responsible for all three financial obligations. Triple net leases are popular among big players in commercial real estate and attract national or credit tenants. They offer a balanced approach between landlord and tenant responsibilities.
Takeaways
- Net leases shift financial responsibilities to the tenant for property insurance, property taxes, and common area maintenance (CAM).
- There are three types of net leases: single net, double net, and triple net.
- Triple net leases are popular among big players in commercial real estate and attract national or credit tenants.
- Triple net leases offer a balanced approach between landlord and tenant responsibilities.
- Understanding the different types of net leases clarifies financial obligations for both landlords and tenants.
Chapters
00:00 Introduction to Net Leases
02:35 Single Net Leases: Sharing the Financial Load
03:39 Double Net Leases: A Balanced Approach
05:10Triple Net Leases: The VIP Section
08:08Benefits and Considerations of Net Leases
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