Download - Brian fielding Discusses 4 Types of Leases
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4 Types of LeasesInformation provided by Brian Fielding of
Fielding Investments and Fielding Companies
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Gross Lease
• Usually found within government agencies and other
large corporations
• Landlords usually need to provide garbage and janitorial
services.
• Usually, the tenants that seek out a gross lease are more
demanding, so a landlord needs to be experienced.
• If you plan on traveling or not being available all the
time, this probably isn’t the best option for you.
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Single Net Lease “N”
• Tenant has limited responsibility for the maintenance of the property.
• Many N lease owners can do their own repair work, or have access to some specialists and handymen who can do a lot of the work for them at a great rate.
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Double-Net Lease “NN”
• The responsibility for many of the structural and site maintenance of the building still lies on the investor.
• Investors with a double-net lease property should hire professionals for the buildings’ repairs shares Brian Fielding.
• If you don’t live close to your property, you should hire someone to oversee it on your behalf.
• You should also budget for capital and operational expenses as well as for any unexpected costs that might pop up.
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Triple-Net Lease “NNN”
• Most preferred by investors.
• The burden for most of the issues with the building is placed on the tenant, not the investor.
• This includes the responsibility for any and al structural damages, utilities, insurance, taxes and more
• Usually, leases are 15+ years
• Regional and national tenants are usually signers of Triple-Net Leases
• This is because they have the experience and knowledge necessary to handle any issues that my arise
• Investors do need to pay for items such as re-roofing, HVAC systems and more to keep the building up-to-date.
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BRIAN FIELDING OF FIELDING
INVESTMENTSVisit http://brianfielding.com for more
information on commercial real estate investment.