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Real Estate

Double Net Lease Explained

Reading Time: 2 minutes A Double Net Lease or NN Lease is the most commonly used lease in commercial real estate. It is also the most favorable lease to the property owner. Types of Leases In a double net lease, the tenant is responsible for paying taxes, rent, and insurance costs. All of these costs are paid directly to …

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What Does COE Mean In Real Estate?

Reading Time: 3 minutes COE or “close of escrow” means that both parties – buyer and seller – have fulfilled conditions in the homebuying contract and are ready to move the sale forward. Close of escrow implies that all the closing documents and associated paperwork are signed, and the homebuyer is ready to move into their new home.  COE …

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How Does A Gross Lease Work?

Reading Time: 2 minutes How Does A Gross Lease Work? A gross lease represents a contract between a property owner and a tenant. This contract gives the tenant complete use of the property in a before set period of time. In return, the property owner gets a fixed amount of money on a previously set basis, according to the …

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Understanding Triple Net Lease In Commercial Real Estate

Reading Time: 2 minutes This guide will explain the triple net lease type of commercial real estate.  A triple net lease is a typical real estate net lease agreement. The most distinct characteristic of this type of lease agreement is that the tenant pays all the property expenses on top of rent.  Triple net leases (NNN) differ from single …

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What Is A Wedge Deal and Is It A Good Real Estate Investment Strategy?

Reading Time: 3 minutes A wedge deal in real estate is purchasing a property that is worth less than the potential market value. In real estate investing, a wedge refers to a strategy where the buyer scouts for properties that have the potential to be worth around the market value with minor cosmetic work. The strategy includes making low-cost renovations. A …

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