Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

9
Posts
1
Votes
Thuan Nguyen
Pro Member
  • Lacey, WA
1
Votes |
9
Posts

Triple Net Lease for an office

Thuan Nguyen
Pro Member
  • Lacey, WA
Posted

Tenants are responsible for property taxes, insurance on the building, and common area and maintenance costs under triple net lease. We are renting one of the units in a office building. One of the restroom water pipes broke over the weekend and flooded the whole office that would need a major renovation. The contractor estimate for the cost to repair the damage is approximately 93k. Which such a large expense, does the tenant still responsible for the repair as part of the maintenance cost under triple net lease or is this consider as catastrophe/crisis and it would fall under the landlord responsibility?

  • Thuan Nguyen
  • Loading replies...