Lease Types

Lease types

Absolute Triple Net (NNN)

The tenant pays operating expenses such as maintenance, repairs, taxes and replacement for the entire property, without limitation. The owners pay the mortgage only. This is the type of lease that most investors expect when purchasing NNN Properties.

Bond Lease (NNN)

A bond lease is a slight variation on the true triple NNN lease because the tenant is required to absolutely comply with their rent and operating expense obligations regardless of extenuating circumstances affecting the property (i.e. Even if the property is under eminent domain proceedings).

Double Net Lease (NN)

Similar to NNN leases but with additional owner responsibilities. The owner is generally liable for the structural components of the building such as the roof, foundation, load-bearing walls and parking. Leases will vary so they should be carefully read.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com