Get the free Triple Net Lease for Sale template

How does a triple net lease work?

What are the key features of triple net leases?

• Triple net leases typically entail a property where the lessee pays base rent plus all operating expenses, allowing for predictable cash flow for the lessor.
• Retail spaces, office buildings, and industrial properties are common in triple net lease agreements, making them appealing to institutional investors.
• Included expenses typically involve property taxes, insurance premiums, and maintenance costs, which are the responsibility of the lessee.

Which sections should be included in the lease agreement?

• Clearly state the start date of the lease and the applicable legal jurisdiction, particularly in case of future disputes.
• Include comprehensive details about the lessor and lessee, such as full names and addresses, ensuring no ambiguity.
• Accurate descriptions help prevent misunderstandings regarding the property or space being leased.

Who is responsible for alterations and improvements?

• The lease should specify what alterations are allowed and who bears the cost, ensuring both parties know their responsibilities.
• It's common for lessees to manage minor alterations while lessors handle major structural changes, as outlined in the lease.
• Attach detailed plans or specifications within the lease to prevent future disputes regarding what is permissible.

What specific provisions should you include in triple net leases?

• Define monthly rental amounts and payment structure clearly, to avoid confusion later.
• Clearly state any personal property that accompanies the lease, ensuring there's no ambiguity regarding tenant property.
• Include the method for calculating rent increases, to provide clarity and transparency to lessee over time.

How can pdfFiller help manage your lease forms?

• Utilize pdfFiller's intuitive interface to easily fill out your triple net lease form, making the process straightforward.
• Edit documents in real-time with teammates, gaining feedback and making adjustments as needed.
• pdfFiller allows you to securely sign your lease digitally, ensuring that the agreement is validated and legally binding.

What are the advantages of using a triple net lease?

• Lessors enjoy reduced operational risks and more predictable cash flow, making investment less cumbersome.
• Tenants often appreciate the flexibility and stability in financial predictions, which helps in budgeting.
• Unlike gross leases, triple net leases typically offer lower base rents, giving lessees control over the property’s expenses.

How to download and access your triple net lease template

• Easily find the standard forms you need via the pdfFiller website.
• Take advantage of seamless download and print functions to manage your lease documents efficiently.
• With pdfFiller, you can access your documents anytime, ensuring you manage your lease documentation flexibly.