What are the current lease terms for commercial real estate in the State of Washington?
I need to know: What are the current lease terms for commercial real estate in the State of Washington? What are the types of commercial leases? What does triple net mean?
Public Comments
- 1) I have included a couple of links to websites that discuss typical lease terms below. 2) Industrial (commercial) gross lease; net lease and triple net lease. 3) In a triple net lease (NNN) the tenant pays for all expenses which are ordinarily paid for by the landlord, like taxes, insurance and repairs & maintenance. http://www.findlegalforms.com/product/washington-commercial-lease-agreement/ http://washingtonlandlordtenant.info/commercial-landlord-tenant-law/implied-warranties-in-commercial-leases/ http://www.ilrg.com/forms/commleas.html
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