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Updated 5 months ago,
Commercial Lease advice (When to use Triple Net?)
Hello All,
I am currently purchasing a 2nd mixed use property in the same market. I renegotiated a Lease with my first property a few months back and pretty much stuck to the same terms as the prior lease agreement (minus rent increases). This new property is vacant and I will be putting it on the market once we close. My question to my commercial investors out there is when do you decide to implement a triple net lease or not on a commercial property? I plan on reaching out to a few owners in the area and seeing what their commercial lease agreements are like but I was wondering how other investors determine to ask for certain payments towards (taxes, utilities, Insurance, etc.) I know all of this is negotiable but I would like to have a little more knowledge and guidance before I list it on the MLS at market rent. Any and all advice would be greatly appreciated.
Thanks
Nick Mann