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The triple net lease means how the investor includes guaranteed return on his investment, more or less. Rising property taxes or commercial insurance rates don't affect him, because the lessee pays these, too as maintenance costs. Essentially, the owner of the property just collects the rent for phrase of the lease. When you can imagine, these are deals that Additional reading lots https://penzu.com/p/a9d0f122 of investors would love to display.
Additionally, does he have his general liability insurance up to date, question proof of insurance. Use do n't want is to get a subcontractor harmed on work and given that the GC doesn't have a the proper insurance or proper quantity insurance, the sub sues you for damages. Again it is simple, improperly insured? NO DEAL.
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Granting the agreement on the bid might come in order to which bidder has expenses to society nailed down by line object. A contractor can't just fly by the seat of this pants at this website. He or she needs the firm varieties of a liability quote as opposed to a guess at what the liability broker will returning with.
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