Triple Net Lease Properties

Triple net leases are common when dealing with long-term commercial real estate ownership. For many people, buying into a triple net lease or a partial lease ownership is ideal because it allows them to earn income off of a property without having to spend additional money and time on the upkeep of the property.

The lessee in a triple net lease usually takes care of taxes, insurance and maintenance. The tenant in a triple net lease generally pays to maintain and repair the roof, air conditioning, and the parking lot for the property. In addition, the tenant usually covers general wear and tear such as replacing carpets or repainting the interior or exterior of the property.

A triple net lease is considered a passive investment. A tenant pays for management and maintenance of the property in exchange for a long-term lease option. If you're looking for a source of retirement income, a low-hassle triple net lease arrangement may be right for you. Triple net lease occupants tend to be excellent tenants. These top business owners have a vested interest in maintaining the property to make it as attractive as possible to potential customers.

At TM 1031 we specialize in finding replacement properties for our clients. A triple net lease arrangement may meet 1031 exchange requirements for people looking to diversify, relocate, and reinvest funds to differ capital gains taxes on the sale of other properties. Our website www.tm1031exchange.com features some of our current triple net listings. Click on a listing to register for our service today.