Good Morning! It’s Word of the Week Wednesday! Today we will look at Triple Net Lease (NNN).
This is a legal agreement where the tenant is responsible for base rent and operating expenses.
The “triple” refers to three standard expense items: Common Area Maintenance (CAM),
real estate taxes, and property insurance. #TripleNetLease #commercialrealestate #wordoftheweek
#CAM #cre #legalagreement #tenant #realestate #Tax #Property
Commercial Partners Realty has launched a property management division operating throughout the Tampa Bay region. Commercial Partners Property Management is committed to providing clients with expertise that comes from years of practice and advanced training in commercial and investment real estate. Our property managers are passionately committed to integrity, quality and service and look forward…
In observance of Martin Luther King Jr. Day, Commercial Partners Realty will be closed Monday, January 16th, 2023.
The Commercial Partners Realty team is pleased to announce our recent commercial real estate transactions. Jim Engelmann represented the seller in the sale of sale of 165 Acres of land that sold in 2 phases during the past 6 months. The property was located on the busy State Rd 54 corridor in Pasco County, FL….
Welcome back to Word of the Week Wednesday! Last week we discussed Common area maintenance expenses, to follow up, let’s look at Occupancy cost. This charge is the total expense any property user pays for occupying a property or space. This includes tenants that are leasing and property owners. Please note, occupancy cost does not…
It’s Word of the week Wednesday! Let’s look at letter of intent or LOI. This letter helps property owners/landlords and buyers/tenants negotiate important information for a property of interest before completing a final binding contract.
The Land Outlook The last several months have created a tremendous amount of rethinking, retooling and reacting due to COVID-19. Many of the usually strong commercial real estate products have been hit hard by the pandemic and its effect on different industries. Hotels, bars, assisted living facilities, as well as an already compromised retail sector,…
Leave us a message using the form below and one of our agents will get back to you as soon as possible.