What is Triple Net in a Lease

When buying a business with real estate attached, you may want to know the terms.

The most important terms are whether it’s a sale or lease.

Assuming it’s a lease, you want to know price and length, but other terms are quite important to such as restrictions, covenants, easements, etc. that can affect the lease.

Triple net is a term you hear.

Triple net means the tenant pays all the expenses associated with the property including insurance, taxes, and maintenance.

This may include deductibles and upkeep.

The rents on a triple net are typically higher.

A single net lease requires tenants to pay property taxes in addition to rent, and a double net lease typically tacks on property insurance.

If you are considering purchasing a commercial property as a landlord then you probably prefer triple net, because it means the costs are passed on and there’s less risk. Quite naturally, the rents are higher so this will affect demand.

If you are a tenant, triple net means everything is included in the price per month and means your costs may be higher for the monthly. You also might have to pay other expenses for deductibles and maintenance.

There are pros and cons of this when considering it from the landlord and tenant perspective. In the unlikely event of default, you might want to consult with an attorney who can walk you through the practical concepts besides what is in the lease.

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JARBLY’s focus is on business consulting with an emphasis on creating disruptive ventures and high quality boutique services to enhance a business’ valuation and lead to a high quality exit. As JARBLY has been heavily involved in the digital space including its own ventures for a decade with servicing hundreds of clients around the world, it is very well versed with understanding technical aspects of a deal including value proposition, product offerings, marketing, metrics, ROI, moats, and value-add initiatives. JARBLY has the expertise and knowledge on various businesses, industries, and deals and is very creative with structure to help increase valuation, or help guide you to a strategic exit. JARBLY has helped brands grow and also cultivates business related and real estate opportunities that are ripe for acquisitions, helping buyers and sellers get what they are seeking from a deal.

Whether it comes to growing your business, including acquiring businesses you want to understand the deal. We understand deals and where the maximal value in a transaction is. Our bread and butter is to provide a win for our clients including positioning your company for an eventual high quality exit. We have the unique and uncanny ability to bring high quality materials to the table and renewed strategies that consistently work. We help with financial enhancements, implementing systems, and prepping your business with materials including Prospectuses, Confidential Information Memorandums, and high quality Value Proposition Decks.

JARBLY looks forward to working with you to enhance your business profits nad valuation and help you on your next acquisition, exit, or real estate opportunity including both commercial and high end residential properties with high end service from a qualified team of passionate individuals that help you secure the deal. JARBLY LLC is part of Trend Realty in Sarasota, FL operating the Boca division as the JARBLY team.

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What is Triple Net in a Lease