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Triple Net Lease (NNN)
The NNN is rent in addition to base rent and the cost of utilities. Triple Nets are estimated for the year and typically paid together with rent each month. At the end of the year the actual cost of NNN is calculated and reconciled with the tenant if the estimation differed from the actual expenses. […]
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Hard Costs vs Soft Costs
When it comes to construction and Tenant Improvements, you may hear people refer to hard costs and soft costs. Since a Tenant Improvement Allowance usually only applies to hard costs, it’s important to know the difference between the two. Hard costs refer to the costs related to the physical construction of the building. Typically, they […]
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Overview of Commercial Real Estate Investments for Beginners
Investing in commercial real estate interests many people, but it is often riddled with challenges which can overwhelm those without a firm grasp on the subject. Like most investments, there are no guarantees in commercial real estate. However, if you have clear goals, a tolerance for risk, and good team behind you, it can be […]
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