How to flip commercial tenant to Triple Net

[Nick Rivers]

I have a building that is commercial and residential. Tenant lives upstairs and operates business out of lower level. He pays utilities and I pay tax, insurance, snow removal.

If I wanted to give a longer term lease and make it triple net how does that work? Do they just pay the agreed lease amount and I just send them the insurance and tax bill whenever I get it? How do you make sure it’s getting paid?

Thanks!