Explain the terms gross lease, net lease, double-net lease, and triple-net lease.

Expert Solution

The answer to the following question:-

Gross Lease: this is a type of real estate lease where the landlord agrees to pay the operating cost that is associated with the use of the property. These operating costs also include other expenses such as taxes, utility bills like electricity and even the insurance amount.
Net Lease: this is a type of real estate lease where the tenant has to pay the operating costs associated with the use of the property on top of the rental agreement that he has entered in with the landlord.
Double net lease: this is a type of real estate lease where the tenant has to pay the operating cost as well as the insurance premium amount that is associated with the property.
Triple net lease: this is a type of real estate lease where the tenant has to pay the operating cost as well as the insurance premium amount and the taxes associated with the property.

Please give a thumbs up if you think this answer has helped you. I'd be happy to answer any questions that you might have related to the answer.

keosha answered 8 months ago

Donna rents an office from Don Juan, a Bahamian citizen. The lease is a triple-net lease...

Donna rents an office from Don Juan, a Bahamian citizen. The lease is a triple-net lease so that Juan is not engaged in a US T or B. The annual rent is $10,000 and the lease says that she is required to mail the rent payments to Don without any deductions. So, Donna sends a check for $10,000 to Don Juan. You tell Donna that the payment was subject withholding. She tells you that then she will pay the withholding...

In a triple net lease, the property owner is responsible for all expenses. the tenant is...

In a triple net lease, the property owner is responsible for all expenses. the tenant is responsible for all expenses. the tenant is responsible only for property taxes, insurance and utilities. the property owner is responsible only for property taxes, insurance and utilities. 2. In a gross lease, the property owner is responsible for all expenses. the tenant is responsible for all expenses. the tenant is responsible only for property taxes, insurance and utilities the property owner is responsible only...

Addition of water across a double or triple bond is known as __________________.

Question 13 Addition of water across a double or triple bond is known as __________________. A. Hydrogenation B. Isomerism C. Polymerization D. Hydration Question 16 Aromatic hydrocarbons must contain a benzene ring ( 6 membered cyclic compound) . True False Question 17 Sulfuric acid is considered as a weak acid. True False

Which of the following describes a Gross Lease?

Which of the following describes a Gross Lease?a. A lease in which the tenant pays rent plus defined operating expenses related to the property.b. An agreement in which the tenant pays a fixed amount of rent and some or all of the utilities while the landlord/property owner is responsible for payment of all taxes, insurance and expenses related to the property.c. A lease in which the tenant pays the landlord a percentage of the monthly income derived from the property.d....

The calculation of gross and net pay can be a complicated process. Explain the items that...

The calculation of gross and net pay can be a complicated process. Explain the items that complicate payroll calculations.

Trinity Surgical Supplies, Inc. sells on terms of 2/10, net 30. Gross sales for the year...

Trinity Surgical Supplies, Inc. sells on terms of 2/10, net 30. Gross sales for the year are $1.5 million, and the collections department estimates that 25 percent of the customers pay on the tenth day and take discounts; 50 percent pay on the thirtieth day; and the remaining 25 percent pay, on average, 40 days after the purchase. (Assume 360 days per year.) a. What is the firm's average collection period? b. What is the firm's current receivables balance? c....

What is the difference between double helix, triple helix and quadriplex structure in in nucleic...

What is the difference between double helix, triple helix and quadriplex structure in in nucleic acid molecules? How are these formed? Which one is most stable and why? Can they contribute in DNA origami where you can make nano structures like cube boxes, etc.

Consider the following terms of a lease. 1. The lease term is 5 years. The lease...

Consider the following terms of a lease. 1. The lease term is 5 years. The lease is noncancelable and requires equal payments of $50,000 at the beginning of each year, beginning January 1, 2019. 2. The leased asset is a standard piece of equipment. 3. The cost, and fair value, of the equipment to Lessor at the inception of the lease is $350,000. The equipment has an estimated economic life of 10 years and has a zero estimated residual value...

How to explain and classify income statement revenue, gross profit, and net income?

Cost of Trade Credit Grunewald Industries sells on terms of 3/10, net 30. Gross sales last...

Cost of Trade Credit Grunewald Industries sells on terms of 3/10, net 30. Gross sales last year were $4,964,000 and accounts receivable averaged $476,000. Half of Grunewald's customers paid on the 10th day and took discounts. What are the nominal and effective costs of trade credit to Grunewald's nondiscount customers? (Hint: Calculate daily sales based on a 365-day year, calculate the average receivables for discount customers, and then find the DSO for the nondiscount customers.) Do not round intermediate calculations....

Question