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Updated over 2 years ago,
Short Term Rental NNN(triple net) Lease, Florida
Hello All,
I've seen a short term rental property being advertised for sale with the following terms; "5-year NNN lease with options to extend in place, with rental increases every year." The lessee or tenant is responsible for marketing, bookings, all repairs, maintenance, cleaning, and any other expense incurred at the property, other than property tax and property insurance throughout the entire term of the lease. It's essentially a NN(double net) lease. Does anyone have experience leasing your property to a short rental company in this manner?