In a triple net lease (or NNN lease), the Tenant is responsible for their pro-rated share of the “triple net costs”: taxes, insurance and common area maintenance (CAM). In addition, the Tenant is also responsible for utilities and janitorial. Why then, you may be asking, would any potential Tenants consider a triple net lease agreement as their ideal setting?
Agreeing to a NNN lease does have several advantages for the Tenant. One of the primary advantages to an NNN lease is transparency – all of the building’s operating costs are available for the Tenant’s review upfront. There are no surprises, mysteries or guesswork here. A Tenant will be given a great rundown of what to anticipate before ever putting a pen to paper, making it very tactile and also incredibly beneficial for business budgeting purposes.
Continue reading “Triple Net (NNN) Lease Is it Right for You?” »
1. Assess the big picture – Determining what your office space needs more/less of can really help you to quickly figure out how to tackle this project. For example, do you need more storage? Are lingering piles of paper a sign that another filing cabinet is necessary? On the flip side, do you have too many things crammed together? Does the flow of your space suit your needs? Take action on the things you may need to purchase or move out of your space.
You don’t always need a degree in Interior Design or a constant marathon of HGTV to put together a top-of-the-line office space design. With the help of our 4 handy tips below, you can confidently put together your office space design that meets your needs and enhances your business in no time at all.
