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Contact Us

Rialto Management Corp.

872 Madison Avenue – Suite 2A

New York, NY 10021
Phone: (212) 744-9644
Fax : (212) 744-3678

Triple Net Leases

There are many benefits to owning a single, double or triple net (“NNN”) leases. One of the most significant benefits is passing on the burden of operating the property to the tenant. In most NNN Leases the tenant makes the repairs, pays the taxes, deals with the issues on-site etc… Because so many responsibilities have been shifted to the tenant, there is a temptation for the property owner to merely wait for the check each month and leave the headaches to the tenant. We believe that this approach is a mistake because there are many issues that need to be reviewed on a regular basis to protect your investment. Below, we have identified some issues for the owner of a property with a NNN lease to consider, but sometimes fail to do so with dire consequences:


  • How are you confirming that the tenant is paying its NNN obligations, such as real estate taxes and permit fees, so that a large tax bill is not due the end of the lease? Regardless of the terms of the NNN lease, the taxing authorities will look to the owner to pay any and all taxes owed.
  • How are you confirming that the tenant is making the necessary repairs to the property (such as not using duct tape to fix the pipes) and not causing damage to the space that can eventually require a structural repair long after the tenant is no longer on the property?
  • How are you confirming that the tenant is maintaining proper and sufficient insurance on your property, has named you as an insured to that policy, that the policy has not been cancelled, and has indemnified you?
  • Do you have the proper insurance to cover your obligations, such as structural repairs, to cover any liability in the event of an accident?
  • How are you confirming that the tenant is not performing work on your property without your permission or proper permits?
  • How are you confirming that the tenant or others are not engaging in illegal or questionable activities on your property?
  • How are you confirming that the tenant is performing the necessary upkeep on the property?

To ensure that your property is given the attention it deserves, a member of Rialto’s management is always available 24/7 to address any issues or problems that may arise.

We are happy to meet with you to discuss the services and how we can work with you in the future.