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Why was your "deadbeat" tenant supposed to pay your insurance bill?
by notjulianjaynes 4y ago
Why was your "deadbeat" tenant supposed to pay your insurance bill?
- prepend 4y agoIt’s very common to have leases where the tenant pays taxes and insurance. I think much of commercial leases are “triple net” [0]. It all ends up being a wash in that not triple net leases just have higher payments. It’s a way to reduce management expenses. [0] https://www.investopedia.com/terms/t/triple-net-lease-nnn.asp https://www.investopedia.com/terms/t/triple-net-lease-nnn.as...
- notjulianjaynes 4y agoI live in Massachusetts which might explain why I've never heard of this. Residential landlords may not, by law, charge tenants for water usage here so the idea of a tenant paying the insurance bill is strange. I'm basically reading most of the comments on this article while I grease my antifa mechsuit, but to a certain extent I think I support this general concept. Lots of landlords in Mass will also have yard care included in the lease, and look at that they also own a landscaping company. If I could pay less AND not have an exploited minimum wage worker toss herbicide all over the tomato plants in pots on my patio, that'd be sweet.
- PaulHoule 4y agoHe pays the rent, I use the money he pays me to pay the insurance. If he's not paying the rent I have a reason to feel resentful about it.
- notjulianjaynes 4y agoThat's valid. Strange way to phrase "owes me rent" though.