Triple Net Leases (NNN)
There are many benefits to owning a single, double or triple net ("NNN") leases. One of the most significant benefits is passing on the burden of operating the property to the tenant. In most NNN Leases the tenant makes the repairs, pays the taxes, deals with the issues on-site etc.
Because so many responsibilities have been shifted to the tenant, there is a temptation for the property owner to merely wait for the check each month and leave the headaches to the tenant. We believe that this approach is a mistake because there are many issues that need to be reviewed on a regular basis to protect your investment.
Financial Oversight
- • Monitor NNN obligation payments
- • Track real estate taxes
- • Review permit fees
- • Prevent unexpected tax bills
- • Monitor insurance coverage
Property Protection
- • Verify proper repairs
- • Prevent structural damage
- • Monitor maintenance quality
- • Inspect property regularly
- • Review renovation permits
Compliance & Safety
- • Verify insurance coverage
- • Monitor permit compliance
- • Prevent illegal activities
- • Track property modifications
- • Ensure proper documentation
24/7 Availability
(212) 744-9644