Updated over 4 years ago on . Most recent reply
Triple Net lease and running am industrial flex space
Im purchasing a 5000 sq ft industrial commercial flex space and its my first time doing this. I mostly own single family residential. Im using a commercial brokerage. Im wanting to understand the finer things when it comes to NNN leases. Id be charging for taxes, maintenance, maintenance and insurance. Do I set up the utilities and such and they pay me? When its time for payment on taxes do I use the money they gave me or are they responsible for paying them? The more information I can obtain I would be extremely grateful! Thanks