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Updated almost 4 years ago,

User Stats

15
Posts
4
Votes
Morris Pearson
  • Louisville, KY
4
Votes |
15
Posts

How does the tenant pay the NN on a NNN Lease Property?

Morris Pearson
  • Louisville, KY
Posted

I'm about to acquire my first commercial property and at the same time acquire a new commercial tenant. I'm structuring it as an Absolute NNN Lease where the tenant is responsible for repairs, insurance, and taxes for a significantly reduced rent. What do I have to give the tenant so that they can pay the insurance and taxes on time? Do they have to go through me where they reimburse me for payments? Or do they pay both directly?

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