Talk:Net lease
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2007-05-21 Automated pywikipediabot message[edit]
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Merged with triple net lease[edit]
I tried to clean things up a bit in the process of merging the content from triple net lease into this article. I'm not a real estate expert, so I apologize in advance for any errors I may have introduced. There are a few things in the original that seem questionable or contradictory (like a "customary rate" for roof repair reserves -- this has got to vary widely worldwide!); hopefully someone with more knowledge of the area can clean it up further. Speight 01:15, 20 July 2007 (UTC)
Cleanup seems good, but there seems to be a contradiction in the statements "Double- and triple-net leases are more common forms of net leases." and "Double net leases are rarely used in the industry." 24.91.163.25 (talk) 02:01, 31 January 2008 (UTC)
Double net leases are rarely used, but they are more common than single nets. Really, triple net leases and hell/highwater leases are the common ones...i think it's just a question of poor wording. —Preceding unsigned comment added by 70.43.52.210 (talk) 14:46, 9 July 2009 (UTC)
The term double or single net leases which describe what items are excluded from base rent and must be paid by the tenant are rarely used terms. The more common terminolgy is to refer to those leases as "Modfied Gross" leases which is a derivation on "Gross" lease. A Gross lease is one where all operating expenses are included in the base rent and this base rent is the only thing the tenant pays. It is the opposite of a triple Net (NNN) lease where the tenant pays a base rent that excludes these items but is also responsible for the NNN costs (Taxes, Insurance and Maintenance). The terms of a Modified Gross lease can vary widely but is a term that is generally used to describe a lease that falls somewhere between a Gross lease and a Tripple Net Lease. Typically a Modified Gross lease will call for a base rent that includes a certain level of operating expenses in the first year of the lease. This level can be a fixed dollar amount (a so called "Base Stop") or set to equal the actual expenses for the first year of the lease or a particular calendar year (the so called "Base Year") The lease would then call for the tenant to pay for its share of the NNN costs to the extent they increased beyond the base stop or base year amount. The term Modfied Gross is also commonly used to refer to leases where the base rent includes the NNN costs but tenant is reponsible for utilities (fuel, water/sewer, electricity) that supply the leased space. — Preceding unsigned comment added by 66.186.188.218 (talk) 15:39, 30 October 2012 (UTC)