A ground lease and a land lease are terms that are often used to describe an arrangement where someone leases land instead of buying it. In many situations, the two terms mean essentially the same thing. The main difference is usually not the land itself, but how the terms are used. A land lease is … Read more

Breaking an apartment lease before the agreed end date can be complicated. A lease is a legally binding agreement, so simply moving out usually doesn’t automatically end your obligations. However, there are several ways you may be able to leave an apartment lease early. You might negotiate an early termination with your landlord, use a … Read more

If you’re looking at commercial real estate, you’ve probably seen terms such as single net, double net, and triple net lease. They all describe lease structures where the tenant pays some property expenses in addition to base rent. The main difference is how many of those expenses are passed from the landlord to the tenant. … Read more

If you’re comparing commercial properties, you may come across two common lease structures: double net leases and triple net leases. Both require the tenant to pay more than just base rent. But they don’t shift the same costs to the tenant. The main difference is simple: under a double net lease, the tenant generally pays … Read more

A double net lease, often called an NNN lease? Wait: that’s triple. A double net lease, or NN lease, is a commercial lease where the tenant pays the base rent plus two major property expenses: property taxes and property insurance. The landlord typically remains responsible for building maintenance and repairs, although the exact arrangement depends … Read more

A triple net lease, often called an NNN lease, is a commercial lease where the tenant pays more than just rent. The tenant typically pays the property’s property taxes, insurance, and maintenance costs in addition to the base rent. That can make an NNN lease look more expensive than a traditional lease at first. But … Read more