Brian fielding Discusses 4 Types of Leases

4 Types of LeasesInformation provided by Brian Fielding of

Fielding Investments and Fielding Companies

Gross Lease

• Usually found within government agencies and other

large corporations

• Landlords usually need to provide garbage and janitorial

services.

• Usually, the tenants that seek out a gross lease are more

demanding, so a landlord needs to be experienced.

• If you plan on traveling or not being available all the

time, this probably isn’t the best option for you.

Single Net Lease “N”

• Tenant has limited responsibility for the maintenance of the property.

• Many N lease owners can do their own repair work, or have access to some specialists and handymen who can do a lot of the work for them at a great rate.

Double-Net Lease “NN”

• The responsibility for many of the structural and site maintenance of the building still lies on the investor.

• Investors with a double-net lease property should hire professionals for the buildings’ repairs shares Brian Fielding.

• If you don’t live close to your property, you should hire someone to oversee it on your behalf.

• You should also budget for capital and operational expenses as well as for any unexpected costs that might pop up.

Triple-Net Lease “NNN”

• Most preferred by investors.

• The burden for most of the issues with the building is placed on the tenant, not the investor.

• This includes the responsibility for any and al structural damages, utilities, insurance, taxes and more

• Usually, leases are 15+ years

• Regional and national tenants are usually signers of Triple-Net Leases

• This is because they have the experience and knowledge necessary to handle any issues that my arise

• Investors do need to pay for items such as re-roofing, HVAC systems and more to keep the building up-to-date.

BRIAN FIELDING OF FIELDING

INVESTMENTSVisit http://brianfielding.com for more

information on commercial real estate investment.