You’ve been considering a triple net lease for quite some time now. After all, everyone else is doing it to run their commercial space, and it seems to be giving them some pretty impressive results.

A triple net commercial lease is a great way to up your game, but you can’t just go off of word of mouth alone. As a landlord, you need to be well-informed with every decision you make, because the wrong move could lose you a customer.

So how do you go about doing that? Simple – you can just read this article and find out everything you need to know.

The Pros and Cons of Triple Net Lease

Here’s the low-down on triple net leasing, including what it is and how it works, so you’ll be well-informed on the best choice you need to make as a landlord. Keep reading to learn all about it.

So, What’s a Triple Net Lease?

Simply put, a Triple Net (NNN) Lease is a lease that is structured in such a way that you give your tenant complete control over paying all operating expenses on your property.

In other words, your tenant will have all of the responsibilities that come with taking care of one’s own property, but the property itself still rightfully belongs to you.

To some landlords, this sounds like a great way to go, but to others, this doesn’t seem to cut it. Both sides have a legit reason for this, as you soon learn.

Pro: Easier to Find Tenants

Some tenants love the idea of a NNN lease because they know that rent is considerably cheaper than a place with other leasing standards. In today’s expensive world, the less money you have to pay for anything, the better.

This can work in your favor, too. It’s getting increasingly harder for landlords to find people who are willing to stay in their home. Lowering the costs through this method is a great way to get a tenant in your living quarters.

Con: Doesn’t Work Well with Multiple Tenants

Trying to issue out multiple triple net commercial leases can be a huge pain in the backside. It’s just not worth the hassle to deal with, as you’ll not only be losing out on money and you’ll also have to keep a stern eye on all of your tenants.

The easiest solution would be to simply take care of the maintenance yourself and charge the tenants a higher fee for it – which is exactly what most landlords do.

Pro: You Can Give All the Work to the Tenant

Don’t like paying for upkeep? You don’t have to. A triple net lease agreement makes the tenant take care of all of the work, so any costs that come up for maintenance and repairs is completely on them.

Con: The Tenant Doesn’t Do Their Job Right

The downside of having the tenant do the work is that they may not do it right – and that’s worse than not having it done at all.

If you happen to get a lazy tenant that doesn’t care to pay for maintenance or carry out upkeep correctly, your rental will suffer for it. Make sure you find you someone willing to do the work and make sure they stick to it with the contract.

Think you’re ready to work with a triple net commercial lease? Make sure to check out a net lease advisor before you bring in a tenant. You’ll be ready to lease in no time.

Check Us Out for All Things Interesting

You know all of the ins and outs of a triple net lease to start bringing in some tenants. Are you ready to learn about other really cool facts?

Lateet is a place where you can stimulate your curiosity. We cover all kinds of topics, from the amazing world of science to interesting places you should check out, and even some useful life tips, just to name a few.

Make sure to reach out to us if you want to know more about what kinds of things we have for you to explore. We look forward to hearing from you.