Double Net Lease

[Jose Quinones]

I own a mixed use property (4 residential units, 1 Commercial unit) and need to update the lease of the Commercial tenant. When I first bought the building I did not know the difference of NNN or gross leases so I just copied and pasted the previous owners lease. Now I want to update or amend the lease to a DOUBLE NET LEASE to reduce my expenses.

How do I do that? Write a new lease? Add an amendment??

Does any one have an example of a DOUBLE NET LEASE I can look at? 

Thanks

[Chris Mason]

Unfortunately, I don't think it's realistic that you will find a generic commercial lease online that checks all the compliance boxes for your state, city, and county.

There are limited service property managers that will do retail tenant placement (rather than full property management, which it seems like would be overkill for this one commercial unit you manage), and this would be included as part of that basket of services.

You could also hire a lawyer, but I think that property management company will be more cost effective.