If you are just like the thousands of singles and families all over the United States that live in apartment buildings, you will probably cringe when you hear the word landlord. To many, it’s the monster that breathes down your neck at the end of every month.

It’s the person who magically sucks valuable money out of your wallet. Most people would rather go deaf than to hear that knock at the door, knowing that it’s that time of the month and that their landlord needs the rent payment.

That time when you fork money out of your bank account to give to your landlord is part of what is called a “lease” in the real estate business. A rental agreement, or you agreeing to pay the rent every month in order for you to stay in your apartment, is one type of lease.

What some people might not know is that the same landlord-tenant relationship is almost exactly the same in commercial real estate. When I say commercial real estate, I mean any tangible property that is for commercial use.

Such as that Starbucks down the corner you always visit, or the office building where you work every day to make a living. Yes, it might be surprising to know that somebody in your office building pays the manager of the property every month so that your company can stay there.

There is one thing that separates commercial real estate from Kamagra jelly residential real estate. For residential, the tenant usually pays only the rent and, in some apartment buildings or houses, maybe the utilities too.

Commercial real estate tenants don’t get off the hook that easy. Renters of these areas have to agree to a more complicated lease called a net lease, which makes them agree to pay for more than just rent, but also for other expenses like property tax, maintenance, repairs, and insurance costs.

There are four different types of net lease. The simplest form is called the single net.

In a single net lease, the renter agrees to pay property taxes on top of the rent. This one is not as common as the other two types because most of the time, the landlord of the property passes on many of the expenses to the renter.

In a double net lease, the contracted person agrees to pay for real estate taxes and building insurance. The landlord does his part by agreeing to pay for maintenance and repair issues that might be needed at any time.

In the triple net form, the tenant agrees to pay mostly all of the expenses that are normal for a commercial Tadalis SX building: real estate taxes, insurance, maintenance, and repairs on top of the rent that is already owed. This form is frequently used for buildings that are 100% commercial.

A bondable lease is the last and most extreme type of agreement between the two parties. In this agreement, the renter basically agrees to pay for all expenses, including any that cannot be foreseen and might come up in the future.

This could include repairs for a building that has been damaged or destroyed, or whatever else may seemingly happen to the building. Because of the extremity of this type of agreement and the strict guidelines that it entails, it is often called a “hell-or-high-water” agreement.

There are many other types of agreements viagra no prescription canada in the real estate market, but these are the most common when it comes to commercial buildings. They are the most important thing when it comes to maintaining a good commercial building and keeping it strong so it can gain a profit.

It is important to know these different terms whether you are a commercial renter, investor, or even for those who rent residential places or invest in them. Knowing these terms can help you avoid getting into a contract that you can’t hold up and that will eventually get you into deep debt and into deep trouble.

Author Bio: Tommy Greene has worked since 1991 in property investments. He loves all things financial and is savvy in handling a net lease.He has been a guest lecturer for the past 9 years.

Contact Info:
Tommy Greene
TommyGreene09@gmail.com
http://www.stanjohnsonco.com

Category: Business/Financing
Keywords: Triple, Net, Lease