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Most commercial tenants, retail, office and industrial are parties to what’s commonly know as a triple net (NNN) lease. This means that in addition to just paying rent, the tenant is obligated by the Lease to pay its share of other costs related to the maintenance and operation of the property. Whether you lease one space or ten thousand, mistakes happen in the administration of these leases by the landlords that can cost you more than you bargained for. Commercial leases are complex documents and landlords are weighed down with the administration of thousands and thousands of leases, many with unique individual provisions as a result of each tenant’s negotiations. This fact alone heightens the chances for errors to occur when billing each tenant’s charges.
Since 1994 RCN Associates, Inc. (RCNA) has helped its clients identify and rectify these mistakes and provide the assurance the deal they made when executing their leases is the deal they realize.
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