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Updated over 3 years ago,
Triple NNN Lease - How Insurance and Taxes are handled
How are the Taxes and Insurance handled in a triple NNN lease?
- Would the Landlord bill the Tenants every year? Monthly?
- Under who's name would the building insurance be under?
- How are the Taxes and Insurance calculated for the term? Do they increase yearly? By how much?
- Can landlord use taxes paid by tenant as a write-off?
- Can tenant use taxes paid by them as a write off?
Any insight or additional comments or questions are appreciated and welcome. Thank you in advance!
Regards,
Farzad