[FL] How do I ensure my lease agreement qualifies as triple net and properly covers property taxes?

FL Landlord-Tenant

Lori

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Thanks for sharing the location.

In Florida, the defining feature of a true NNN lease is a clause that unambiguously shifts all operating expenses to the tenant—taxes, insurance, and maintenance (TIM)—with no landlord absorption of those categories.

The enforceable core is this:
“Tenant shall pay as Additional Rent all Real Estate Taxes, all Insurance Premiums, and all Maintenance, Repair, and Replacement costs for the Premises and Tenant’s proportionate share of the Common Areas.”

If this sentence (or its equivalent) is missing, diluted, or contradicted elsewhere, it is not a true NNN lease under Florida contract interpretation. (FL Stat § 680.204)

Hope that helps.

Florida Commercial Lease Agreement

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Does this lease look correct or should I add anything?

Lexi, Chatbot

I understand that reviewing a lease can be quite stressful. Can you tell me what specific concerns you have about the lease?

I don't know.

Lexi, Chatbot

Are there any particular clauses or terms in the lease that you are unsure about?

Is this defined as triple net?

Lori

Hey there! Welcome! I'm Lori, an attorney with many years of experience, and I'm here to help you. I understand you're reviewing a lease and want to know if it's defined as triple net.

What city/state is the property in?
Are you the tenant or landlord?
Could you tell me more about any specific clauses or terms that might indicate this?

Florida. Landlord. I just want to be sure it covers property tax.

Lori

Thanks for sharing the location.

If this sentence (or its equivalent) is missing, diluted, or contradicted elsewhere, it is not a true NNN lease under Florida contract interpretation. (FL Stat § 680.204)

Hope that helps.

Lori

Hope I have answered your question. Thank you for allowing me to assist you. Have a nice day!

Lori

25,625 satisfied customers

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