I have been trying to get information about the obligations one has regarding net leases. If anyone knows about a website, please let me know.
A triple net lease lease is one in which the tenant is to pay all operating expenses of the property so that the landlord receives net rent, which means the tenant pays taxes, insurance, and maintenance in addition to normal operating expenses.
arent these generally used for commerical properties, and not residential…
Yes. Welcome to the world of CREATIVE real estate.