disadvantages of triple net lease


Renting out an apartment comes with so much hassles. The landlord is responsible for something as little as repairing any plumbing issues. Wouldn’t it be great to have a more adaptive solution to let the landlord relax and continue collecting rent without any further tensions? Well, that’s where a triple net lease steps in. Other than structural repairs, every thing is the responsibility of the tenants which makes the landlord’s job a lot more easy. What is a Triple Net Lease? The most popular type of a net lease, the triple net lease is commonly used for commercial properties. It is a rental agreement between the lessee and the landlord that comes with an obligation on the lessee. The obligation dictates that post-contract, the tenant is responsible for all kinds of operating expenses and not the landlord. Examples Consider the situation of a middle-aged man who has been working at…