If you’re finding the process of managing your property more challenging than expected, consider hiring a Property Management Company to assist you. If you’re still unsure whether hiring one is right for you, read our handy article: Top 5 Reasons Landlords Should Hire a Property Management Company. If you own commercial real estate, a Triple Net Lease is a way to make sure your tenants cover all the expenses associated with owning and operating the property. Each "Net" refers to another type of expense, which typically include property taxes, insurance, maintenance, repairs, utilities and other items. Other names for a Triple Net Lease:Net-Net-Net Lease (NNN).Types of Triple Net Leases:Typically used for free standing commercial buildings but may also be used for single-family residential rental real estate.Information needed for creating a Triple Net Lease:You'll need to have some information at the ready to create your Triple Net Lease, but most of it you probably know off hand. We'll guide you through the process with our step-by-step process so all you'll have to do is answer a few simple questions. As such, working on contract terms has proven to be the best means of not only building a long lasting relationship between the two parties but also sustaining the rapport during the contract period. When the rental contract ends, the property owner should allow the tenants to renew the lease contract if they would like to continue using the property. Customizing a simple document is literally a matter of filling in the blanks. Fields that require customization are in brackets and contain helpful guidance making the software easy to use. Unlike a lease renewal, an extension of the original lease is a continuation of the original lease, without interruption.