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3 Types of Commercial Net Leases

Commercial Leases - Milbrook Properties - NJ FL NY

Are you confused between the different types of commercial net leases? Let’s take a look at them individually:

Single Net Leases

Also known as “N” Lease, single net leases are the uncommon situation in which the landlord passes on the least amount of risk to their tenant, who only pays property tax. Other expenses, including utilities, insurance, and repair and maintenance are paid for by the landlord. During the course of the leasing period, the repair and maintenance needs of the property must also be met by the landlord.

Given the property tax obligation for the tenant, the rent for single net lease is comparatively lower than that for standard leases. Yet, the ultimate responsibility for tax payments lies on the landlord. If a tenant misses a payment, the authorities will hold the landlord responsible for the defau