Posted by JJJ - FL on July 09, 2002 at 18:15:35:
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Triple Net Leases… - Posted by Jason R
Posted by Jason R on July 09, 2002 at 17:06:53:
I was just wondering if someone could explain to me what exactly is a Triple Net Lease? I’ve seen them in some commercial properties listed for sale, but I’m not too sure of what they are. Does it mean that the tenants pay for all their expenses/utilities? I would appreciate a good explanation from someone with experience. Thanks.
Jason
Re: Triple Net Leases… - Posted by Bud Branstetter
Posted by Bud Branstetter on July 14, 2002 at 21:05:08:
Triple net leases are a good way to insulate yourself from increases in expenses on longer term L/O or subject to type deals. Bill Gatten uses them as part of his PACtrust system. They are also used as part of a lease purchase type approach.
The idea is that you want to make the property subject to long term capital gains but keep the occupants as a leasee so there is no implied equitable interest that would require foreclosure instead of eviction.