-
A net lease obligates the tenant to pay a portion of the landlord’s tax costs, in addition to a base rent based on square feet rented (net leases, also called “triple net” leases, typically also obligate the tenant to pay for portions of the landlord’s taxes and maintenance costs). There’s room for negotiation when it comes to the tenant’s “fair share,” and how high those shares are allocated.
-
Triple Net Leases: Allocating Insurance Costs Among Tenants
Net leases pass property and casualty insurance costs to tenants, but in a mixed-use building, some of the rented space will be more costly to rebuild than others.
-
Triple Net Leases: Dividing Maintenance Costs Between Landlord and Tenants
Triple net leases require tenants in multi-tenant buildings to pay a portion of the landlord’s maintenance and operating costs. It’s important to understand and negotiate costs the landlord has “passed through” to you, and to press for specific exclusions.