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Updated over 2 years ago,

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5
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0
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Daniel Huang
  • Diamond Bar, CA
0
Votes |
5
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Commercial NNN lease contract , can anyone comment ?

Daniel Huang
  • Diamond Bar, CA
Posted

We just made offer for  a retail property and some clauses in the lease agreement that we couldn't understand. Can anyone comment on this?Anything will be really helpful?

Thanks in advance.

13 .Taxes : Does above mean Tenant will only reimburse landlord's tax up to $12,4800 in the first year . How does the per diem clause work?

Does landlord gets reimbursed full property tax amount for the rest of the terms?

12. Maintenance and repairs :  

It looks like Landlord will only be reimbursed up to $1,500 if any parking structure repair incurred by tenant .


Insurance : Does this mean Tenant will only reimburse landlord's insurance up to $2,500 in the first year . How does the per diem clause work?

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