There Are Many Different Terms Floating Around That Describe Triple Net Leases

Category: Finance, Real Estate.

There are many different terms floating around that describe triple net leases.

For the sake of continuity, this article will refer to them as triple net leases throughout. Some of these are NNN leases, triple N leases, true net lease, net net net leases or even the" hell or high water" lease. Most definitions agree that a triple net lease is one in which the lessee pays rent to the lessor, as well as all taxes, and maintenance expenses, insurance that arise from the use of the property. At a typical busy intersection a person can look around and see many recognizable names that use triple net leases, such as Wal Mart, Wendy s, Home Depot, etc, Office Max. For the most part, businesses like fast food restaurants, chains and national retailers are most apt to use a triple net lease for sale. Like with any type of leasing contract between an owner and a tenant, the triple net lease for sale lays out who is responsible for what as far as paying the bills. Although this may seem an unfair advantage for the owner, the terms of the triple net lease have pluses and minuses that lie with both the landlord and the lessee.

In this type of lease the obligations will always lie heavily on the side of the renter, as the above definition states. Let s look at a few of these for each side. The landlord may not feel it is worth his time to lobby against a pending tax increase because he will not be responsible for paying it. Advantages/ Disadvantages for the owner: -Since the lessee is responsible for taxes, any property tax increase on the property is going to be at the expense of the renter. On the other hand, if a tax increase goes through and the tenant moves out, it may be very difficult to find a new renter if the taxes are prohibitive. -Another advantage for the landlord is that the lessee is the responsible party for acquiring property insurance and keeping up with the payments. On the downside, if a tenant is undergoing money difficulties, it is not unheard of for them to inflict willful damage to the property in order to collect the insurance money.

This is all well and good as long as the insurance is a reputable and complete coverage and the person making the payments is not experiencing any unforeseen financial problems. To counteract this, some owners will stipulate that a reserve fund, or bond will figure in as part of the triple net lease agreement. Since the tenants are responsible for the maintenance of their leases, they are usually very agreeable with keeping things in good condition and even making improvements at their own expense. This is an amount that the tenant will regularly pay into an account that will accrue over time and be used in case of financial difficulties or bankruptcy. -A very attractive advantage of the triple net lease for the landlord is the fact that a building can generate a high level of income with very little input or effort. Advantages/ Disadvantages for the Tenant: -With a triple net lease for sale, a tenant can enjoy many of the upsides of ownership such as control over the property that does not involve the large capital outlay that goes along with actually buying a new office or building. -A triple net lease for sale is usually written for a term of at least fifteen years and could be as much as fifty years. This can be a great advantage of" rent control" in a time that typically sees rent increases occurring yearly with gross leasing contracts. -A renter can initially, during the contract negotiation stage, bargain for a cap to be put in on how high property taxes can raise.

This benefits the lessee in that during this time the money paid as rent will see very little, if any increase over the length of the contract. After a certain agreed upon amount is reached, the landlord becomes responsible for covering any amount over the cap limit. In reviewing the advantages and disadvantages of the triple net lease, one thing stands very clear- it is of paramount importance that the terms of the contract be made very clear to both parties. Lessees can also try and negotiate similar limits to be set on insurance premiums and maintenance/ upkeep costs. The contract should be thoroughly read by both the landlord and lessee before finalizing. It is always also a good idea to seek out and consult a lawyer who deals primarily with real estate issues to help get things finalized to the satisfaction of both parties.

What Is The Foreclosure Spiral, You May Ask

Category: Finance, Real Estate.

If you are trying to settle divorce issues, financial needs will definitely surface especially if you and your ex- spouse want an equal division of conjugal assets. Releasing total equity of your home would require you to sell it.

It seems that in this division of assets, your old home will be a bit of a problem. And because each of you would want to get on with your separate lives as soon as possible, having a quick sale is the solution. A soon to be divorced couple who is new to the whole real estate jargon, more often than not, fall victims to the foreclosure spiral. But the way to a quick sale does not always come smoothly especially with little knowledge of property sales. Let s talk about mortgage before we go on to the foreclosure spiral. The thing about mortgages is that you do get the fast cash and keep the ownership of your home at that but the fast cash comes in the form of a loan.

To most neophytes in the real estate arena, mortgages appear to be the only means of getting the fast cash to hasten a divorce settlement. This loan is usually payable on a monthly basis with the addition of tax and interest payments. Hence you lose more money in the long run. Sometimes you would end up paying more than the sum you ve borrowed. The danger about mortgages is with the monthly interest payments. But in whichever case, there are still unforeseen and uncontrollable circumstances that could affect your ability to pay these dues.

They could, stay the same, at best, and at worst, go up. One could be the loss of a job, for example. What is the foreclosure spiral, you may ask. Losing your job will definitely affect your capacity to pay your mortgage dues and in the event that you are unable to meet the requirements set forth in your mortgage deal, you could fall prey to the foreclosure spiral. A foreclosure usually starts when you are unable to pay your monthly mortgage bills. A foreclosure is a legal strategy that banks or lenders use to acquire the lost money in a defaulted loan. When this happens, the bank or lender files a petition for a foreclosure and legal proceedings will be held.

Simply put, because you are unable to return the cash, they take your house instead. Cashout Options is a California- based company that purchases single- family and multi- family homes throughout the state. Among the various foreclosure options you will find out there, the safest and easiest is selling your old home to Cashout Options. Unlike other companies that are finicky when it comes to what property to purchase, Cashout Options purchases various kinds of properties, dilapidated ones found, even rundown in poorer neighborhoods. Because Cashout Options cares for its customers, it provides foreclosure assistance that will help you in stopping foreclosures. Believe it or not, the company also purchases homes that are in danger of repossession because of foreclosures! Its experts will provide you with vital foreclosure information and various foreclosure solutions that would fit your situation.

If you want to avoid foreclosures, you should learn not to commit the neophyte s common mistake of hiring some real estate agent to list your property for sale in the open market. They run things on a case to case basis so they could provide you with fitting foreclosure help. This not only allows the probability of foreclosures but also delays equity release since it takes months to years for your property to sell. All you need to do is fill out an online sellers form found in the company s website: www. cashoutoptions. com or contact the company s local affiliate. With Cashout Options, you are guaranteed to prevent foreclosures and at the same time sell your property for as quickly as 48 hours. The company will assess your situation and contact you in 48 hours to 7 days.

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The Customers Of Real Estate Investment Broker Are Seller And Buyer Of The Real Estate To Be Sold - Finance and Real Estate Blog:

For most people, the purchase of their home is the best possible and most important investment they will make.

Part Of The Decision Was To Open In Menorca, The Quietest Of The Three Balearic Islands

Category: Finance, Real Estate.

Despite the recent banking crises in the UK, one of her best known banks and mortgages provider is to open three new offices on the Spanish islands of the Canaries plus the Balearic island of Menorca to meet demand for Britons looking to buy a home in Spain.

Part of the decision was to open in Menorca, the quietest of the three Balearic Islands. The decision by the Halifax was taken from data showing a trend towards Britons buying homes overseas, with Spain the most popular choice. Commenting on the move a local travel guide commented: While Majorca and Ibiza are possibly better known than Menorca, it s perhaps not so surprising that the bank has decided to open an office on the island. Once bought, Menorca villas are often let out to holidaymakers, with the season generally running from May to end September. The typical buyer for property in Menorca is normally older than that for Majorca and Ibiza, which could mean they are hoping to service their investments and pensions along with a normal account- especially for those moving full time to Menorca. Commenting on the new bank branch in Menorca, the company said that the opening of branches away from mainland Spain is an important step in the development of their branch network, and that they will continue to target the Spanish islands in addition to their Spanish mainland business. As one of the Balearic Islands Menorca is close to better known Majorca, which like Menorca has welcomed many visitors back to live full time on the island. Property prices in Majorca are similar to Menorca property, with a range of apartments and villas in both rural and town locations, and with twenty golf courses plenty of golf course developments too.

Menorca property has proved popular too, for those looking for a gentler pace of life than big sister Majorca. Menorca has just the one golf course, recently extended to eighteen holes, and is located in Son Park, which has a choice of hotels, apartments and villas for holiday makers. The third island in the Balearics is Ibiza, which in turn attracts a different age group and property buyer compared to Menorca and Majorca. The cost of flying to Menorca and Majorca has come down in recent years from most European countries due to low cost airlines, especially in the island s core tourist areas of the United Kingdom and Germany, and last year easyJet started direct flights from London s Gatwick Airport to Menorca, having served Majorca for some years already. Clubbers from around Europe, and especially from the UK, descend upon Ibiza in the summer months for a week- and often two- of non stop partying. Demand for flights to Ibiza has been high enough in recent years for a low cost airline to start two new services from the UK to Ibiza, which should see the number of tourists on the island rise this year. Ibiza runs second only to the UK s main cities of London, Manchester and Liverpool in terms of popularity for clubbers, and some of the Ibiza clubs are as well known as any in the UK, with some clubbers visiting frequently enough to consider buying an apartment on the island.

The two new routes are from Edinburgh in Scotland twice weekly, and London s Luton Airport with both routes offering a daily service. This will be an attraction for those considering buying a property on one of the Spanish islands, and this in time will again attract the British banks to open new offices to cater for those considering buying an apartment or villa.

In Flat, Or Declining Real, Soft Estate Markets, It Is Very Risky To Invest

Category: Finance, Real Estate.

Mobile homes offer a tremendous amount of opportunity for savvy real estate investors, but if you re familiar with the stereotypes about manufactured home appreciation( or lack thereof) , you may be reluctant to add this housing type to your portfolio. Most investors don t understand how to use a real estate option, which is unfortunate because it is one of the most powerful tools in real estate investing.

Czech Republic- The majority of real estate investors consider Prague the only city worth targeting in the Czech Republic but the country s other cities like Brno also offer an investor opportunity to purchase residential accommodation for rent to the domestic and expatriate professional population. I feel that private investors, as opposed to government agencies, should be key players in taking control of these real estate assets, " re- pricing" them to provide for the housing needs of regular people on a more realistic, economic basis. Bank Owned Properties( also known as Real Estate Property or REO) - Banks take back ownership of the property because the owner failed to make mortgage payments. Well, the market was growing at drastic pace that real estate buyers camping for days to get a condo or a home in Preconstruction and turn around and flip it for profit. However, these are the conditions that mean real estate investors can pick up a deal. The opportunities for real estate investors who are trained in foreclosure and pre- foreclosure strategies are significant and growing. If any of these points are encouraging you to seek new options in your business then make sure to sign up for the monthly" Grow your Real Estate Investment business" e- mail newsletter from www.

Just as a builder won t begin construction without a blueprint, eager real estate investors shouldn t rush into new ventures without a plan. This land is ripe for residential and tourism development and because the demand for hotels and luxury beach front property is at its most intense in Mexico right now, this means that an investor who buys beach front real estate in Mexico is probably buying themselves one of the most promising investments possible. In flat, or declining real, soft estate markets, it is very risky to invest.

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For Retailers With International Ambitions, Property Decisions Are Ever More Complex And Represent A Considerable Challenge

Category: Finance, Real Estate.

CB Richard Ellis, the world s largest property advisory firm, has called on retailers to place greater priority on their property strategies.

A lack of transparency in the property market, not only in emerging markets but even in parts of Asia compounds the difficulties. For retailers with international ambitions, property decisions are ever more complex and represent a considerable challenge. The property related risks and opportunities associated with entering new markets were discussed by leading retailers at the inaugural World Retail Congress in Barcelona. This clearly becomes more challenging when retailers move outside the familiarity of their domestic markets and more challenging still when these markets are less mature. Marks and Spencer, Harvey Nichols and, Fast Retailing METRO Cash and Carry joined Bryn Davies, Retail Services, Executive Director, CB Richard Ellis in Greater China, to discuss the impact of international property decisions on retailers business fortunes. "It is no coincidence that the world s most successful retailers are those that place as much importance on their property strategy as they do on the product they sell, " said Bryn Davies. "Total alignment of a retailer s business ambitions with their property plans is a key factor for success. Differences in sourcing retail estate, costs of occupation, lease law, planning and tax regimes are material and not always straight- forward. " To help improve transparency and local market understanding, CB Richard Ellis has launched Understanding Retail Destinations , the first global guide to retail real estate.

Compiled by CB Richard Ellis global retail network, the guide answers the questions most frequently asked by clients. This extensive guide incorporates all major retail locations worldwide- 82 cities across 46 countries- and provides a unique comparison of distinctive retail characteristics at an international, regional and local level. Bryn Davies continued, "With the accelerating pace of globalisation, truly international property understanding will only become more important. Aspects to be covered include what to expect in property transacting, how to effectively source real estate, franchise models which exist and, a review of the domestic and international retailers present. Retailers need to be confident that their property interests will serve their long term business needs. " "It is incumbent on the property community to improve real estate transparency and help the retail industry understand the background to their decisions in a more comprehensive way. Understanding Retail Destinations represents the first in a series of steps to work in close association with the retail industry to generate more readily available information and help retailers to make more informed property decisions. " CB Richard Ellis global network will be producing a series of detailed country briefings which will provide advice for retailers planning entry into a new market. These briefings will provide a more comprehensive assessment of risk, as well as opportunity.

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When people call me, typically one of the first requests they make is for a house in a" nice" neighborhood.

Some Florida Home Builders Have A" One Size Fits All" Mentality, And Build All Of Their Homes To Look Exactly Alike Inside And Out - Finance and Real Estate Articles:

Some Florida home builders have a" one size fits all" mentality, and build all of their homes to look exactly alike inside and out. By making all of the decorating choices for the home buyer, these builders are able to increase their profits by purchasing their materials in bulk.

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For many people, owning a home is a sign of accomplishment.

One Of The Most Popular Ways That Buyers Do This Is To Buy A Foreclosure Home

Category: Finance, Real Estate.

The cost for real estate is on the rise in many areas.

One of the most popular ways that buyers do this is to buy a foreclosure home. This has led prospective home buyers to look for new and fresh ways to buy as much house as they possibly can for as little money as possible. There are two types of foreclosures that you can buy and you can save a lot of money with each type. Or you can buy a home that has entered foreclosure proceedings but has yet to be foreclosed upon and is still in the hands of the homeowner. The first way that you can buy a foreclosure home is to purchase a home that has already been foreclosed upon and is being offered for resell at auction or by the mortgage company. Both types of purchases have their advantages, but they take a little more work than a conventional purchase.

You can find these properties by reading notices in the paper or by contacting your local courthouse for a listing of upcoming real estate auctions. Buying a house at auction or through a mortgage company is probably the easiest way to buy a foreclosure home. The disadvantages to buying a home this way is that there will be multiple bidders or offers for the property which will make it more difficult to purchase the home you ve set your eye on. Buying a foreclosure home that is still in the hands of the homeowner gives you a little more flexibility as far as financing is concerned. You will also have to be able to provide a substantial down payment at auction with the remaining balance being due shortly after your bid is chosen. You can finance these purchases the same way that you would any other type of real estate purchase and may even be able to secure a loan that requires no down payment.

While it takes a great deal of extra work and planning to buy a foreclosure home many people feel that the rewards they receive are well worth the effort. The downside to buying a distressed home is that you have to research court records to find such properties and then cold call homeowners who are already emotional about the potential loss of their home. In many cases, foreclosure homes can be purchased for a fraction of what they would cost on the real estate market. Foreclosed properties may even be an option for families who thought they would never be able to afford a home of their own. This can make properties in exclusive neighborhoods affordable or leave enough money left over to completely remodel the home. Granted, some foreclosed properties need a lot of work, but many do not need any work at all.

Just be sure to research the property for potential repair issues before you buy a foreclosure home. So, don t think that buying a foreclosed property equals buying a fixer.

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A New Year End Report Corcoran Group Real Estate Has Given Us Some Of The Most Reliable Data To Date On The 2007 Market - Finance and Real Estate:

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Whether You Have An Apartment For Rent In Spain, A Spain Holiday Rental Property Or Villa Rental Property, You Might Be Considering Handling All The Rentals Yourself

Category: Finance, Real Estate.

Whether you have an apartment for rent in Spain, a Spain holiday rental property or villa rental property, you might be considering handling all the rentals yourself.

From advertising in local, national and international venues to house cleaning and maintenance, you could spend more time handling all these details than it s worth. But, be aware that there are many small details when renting property on your own. Fortunately, third- party property rental services have been established to help you with these details so you can just collect the apartment or vacation rental payments and forget about it! Dependable Property Rental Management from a Distance. Below are three explosive benefits of using a property rental service for your apartment, home or villa. Perhaps you live in the United States, but own holiday rental property for golf holidays in one of these areas of Spain- Costa del Sol, Benalmadena, Marbella, Fuengirola, Puerto Banus, Mijas, or Elviria.

A property rental service that specializes in Spain rental property already knows all the formalities. You might have a tough time managing your property from a distance because of legalities such as insurance, building permits, taxes, utility set ups, etc. They already have all the right contacts, and you can rest assured that every detail is being handled properly. Cleaning and maintenance for your vacation rental property is probably the most demanding task. Eliminate Cleaning and Maintenance Worries. Perhaps you live too far from the rental property or are too busy to clean it yourself and keep up with maintenance.

A rental property service will manage the cleaning by hiring maid services for departure cleanings or midweek cleanings. If that s the case, you will benefit tremendously by hiring a rental property service to handle this for you. They will also schedule regular maintenance for the rental property and take care of emergency repairs when needed. Getting new tenants or vacation renters is no piece of cake. No More Marketing Headaches. You must advertise your villa rental or holiday rental vacancy, interview with potential tenants, provide welcome packets for guests, check inventory before and after each stay, etc.

Owning a holiday rental property in Spain can bring many great benefits- and profits. A rental property service can handle all this and more for you. With the help of a rental property service, you can maximize your tenant or holiday rentals while saving valuable time for more important things!

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So, You Want To Know What The House Price Would Be Equal To Paying$ 1000 Per Month - Luisa Chadwell about Finance and Real Estate:

When someone decides to buy a house, one of the first tasks is to talk to a lender and determine the maximum loan they can get.

A Refund Can Be Claimed If The Withholding Tax Is Above The Tax Liability - Finance and Real Estate Blog:

In view relevant of the provisions, which include the US Canada- US tax treaty of 1995, Canadian residents( not those who fit US resident criteria) buying property in the US must do their tax planning accordingly. US laws lay down certain criteria to ascertain resident/ non- resident status.

Not Every Cyprus Property Investment Can Be Considered As A Safe Bet - Finance and Real Estate Blog:

Foreign property investment is an issue that remains of great interest to investors who are looking to buy second homes or even properties in order to assure an extra rental or reselling income. This trend remains quite strong when it comes to overseas property because this investment is mainly regarded as a less risky process.