When and why would a triple Net (NNN) lease be considered a good option for a tenant?
435467
I'm going to try to focus into this answer this way, but I might need some additional clarification otherwise.\n\nAs I understand the way that you are asking the question, the house that you are looking at is to be your primary residence, not an investment NNN Tic...\n\nGenerally, they are not favorable options for RESIDENTIAL tenants.\n\nThey would be considered a good option for the tenant if:\n1. NNN rent + expected maintenance + taxes + insurance <= market rent\n2. You can lock in a longterm NNN rent at below market rents\n3. You are confident in the property that you are occupying/no significant deferred maintenance that you would be responsible for...\n\nI really haven't heard of many NNN leases for people's primary residences, but it would make sence.  They are much more common in the investment property/business property arena...\n\nIn the end, you'll have to do the math to determine whether the lease payments plus the additional expenses add up to a good value...
22102
Well you'll have to do the math.  If you purchase you can depreciate the asset.  If you lease you will save $ up front and can use the money you saved to invest in your business.
341777
What could she get if she were renting to someone else?  Business is business.  Most people have rental properties to make money.  A lease would protect you as well.  Perhaps someone has offered to pay her $1,900/month and sign a lease and she is offering you the deal first.  Sorry if this sounds harsh, but you are not a guest in your mother's home, you are a tenant.
875432
No. If it is  aprivate agreement betwen the parties there is no problem at all, however, if the tennant will require housing benefit to pay for the tenancy seek immediate assistance with this from either the local citzens advice beurea or the Welfare rights officer at the local social work office. \n\nThe answer is that there is no problem with this at all, however, many local authorties take a dim view on this and disallow any claims to housing benefit on the basis that it is either "a non commercial tennacy" (regulation 9 1(A) HB Regs 2006) or that the tenancy was "contrived to take advantage of the housing benefit scheme" (Reg 9(1)(L) HB Regs 2006), so if Housing benefit figures in this agreement then seek advice, if not then it is not a problem at all
436242
I think most of the no money down, subject to, and lease option stuff is crap.  Perhaps after you have gained experience you can get deals no money down.  I lived in a college town also and saw the same thing happening in my town.  Rentals were everywhere.  I got started in real estate as a birddog.  I made $500 finding leads for an investor.  $10/ per lead he didn't have to close for me to be compensated.  There are only so many investment opportunities in one market though, so now after much debate I am becoming a realtor. Then I plan on being a commercial broker and THEN an investor. It is gonna take a while. I really think that you need the money/ experience/ connections/knowledge before getting into such a heavy endeavor with such thick legal implications and even scarier liabilities/consequences. If you don't know what you are doing you can get hauled off to jail for 3rd degree felonies with that no money down garbage.  Besides that most single family homes make next to no cashflow, especially with the way interest rates are going up. HARD WORK HARD WORK HARD WORK!
1108163
If you consider the lease a capital lease on the balance sheet, then yes.  Otherwise no.
57265
Be conserative and consider leasing/renting. If your sucessful your will need to expand.\n\nCash flow will be important for the first five years.\n\nOption to purchase is great, if you have that opportunity.
669948
Rider A could be anything, a pet deposit, limit to number of tenants, anything, it is merely a modification of the lease agreement. Don't sign anything with missing pages., And he should not be too busy to get you a compete copy of the lease. He wants your money, he should be responsive like any other enterprise.
650948
Yes, I believe you may sign a lease as a representative of your company. All owners need not sign.
935772
it really vaies state to state... there really is not limit- as long as ur apartment doesnt have a thing to do with the goverment-- ex- substdized, insured, etc\n\ni livved in denver-- very nice apt-- 3rd floor- fireplace, parking, pool, fitness, heat--- i paid 450 a month- a steal-- the 4rd year went to 875.... nothing could be done  \n\ncheck ur contract---... most cant be raised if u have a 1 year- within that year- unless the ownser occurs very high bills- like oil, eletric..\n\ngood luck
363047
Ask now. Why wait? Get your name in first. I did the same thing in my old building (went from a studio to a one bedroom). The circumstances were slightly different, but it was no big deal. Call them today and set it up. If you've been a good tenant, there should be no problem and they'll be glad to rent it to someone already there.
789475
Check out www.loopnet.com, some searching can be done without registering, or contact a local commercial realtor.  Tihs is the most comprehensive commercial listing website around....from businesses to triple net leases to apartment buildings....good luck!
694348
Proximity to interconnecting roads (highway, intersections, etc...)\nVentilation system to include A/C & heating requirements\nAge and maintenance records of buildings (if the landlord can't provide maintenance records, beware)\nRental agreement/requirement of lease/payment plan, tenant obligations, prohibited requirements\nZoning requirements\nAdvertising and promotional opportunities, such as a fee for placing company name on mall sign, etc... \nParking availability and security, to include intrusion of surrounding businesses. \nInsurance requirements by landlord and tenant\nFinancial investments in a move\nLocation of property to potential customers/clients
741939
All things are negotiable. Here's how I would do it to benefit everyone involved:\n\n1. Create two seperate contracts, one a standard lease agreement and the other an assignable purchase option agreement.\n\n2. In the lease, have the tennant pay for all utilities and have them in his/her name. \n\n3. Create an assiganble purchase option contract, so that the tennant (now called Optionee) can purchase the property within a two year period of a stated price. Now, depending on the rent of the first contract, I would modify the price here. Also, depending on the rent on the first contract, I would modify the non-refunable option fee. You want to keep this contract as an assignable contract in order to allow the tennant to assign it to another person (like his brother) if he is unable to purchase the property because his credit is still bad or whatever. \n\nIt's also important to keep these as two seperate contracts because if the tennant fails to pay, you can simply evict him. In a lease purchase option contract, depending on the terms, you will need to do more than just evict him because the tennant's interest in the property is more than a regualr tenant. Remember, there is a reason why the banks won't finance this guy. Are you willing to take the risk of doing so when the banks won't?\n\nAs Teran stated, stay away from contracts for deed because then you have to jump through hoops to get rid of this person and avoid your lender at the same time.\n\nRegards
945397
The place I rent from (a leasing agency) says that "The income requirement is 3 times the monthly rent."\n\nAddition: I suppose you could put it that way, the monthly rent x36.  However, if you have proof that they make the three times your monthly rent each month anyway, that would meet your requirement all the same.  I wouldn't confuse renters.  They are used to three times the monthly rent, and it still meets your objectives.
778538
From a private landlord you should expect no discount. Also they are under no obligation to sell, you should expect to pay full market value.
804937
I'm fairly sure this is a rip-off.  Do the math on the offer and see, but I think when you lease to buy, you are paying way more overall than you would if you just BOUGHT it.  I think it's for people who can't make a big payment each month.