In commercial leasing the use of net leases is a common occurrence. There are terms such as triple, double and net leases, which can be confusing and often misleading.
Residential leases are usually gross meaning that one rental amount pays the entire monthly rent.
In commercial leases we can incorporate into the lease that these are tenant responsibilities and costs. In residential leases, California law prohibits tenants from waiving their rights and making them responsible in a net lease as in a commercial situation. Some might question why we would bill the common area expenses such as trash, pools and landscaping to the tenant. The landlord usually doesn t live on the property and it s the tenants who use and derive the benefits from these services. We would bill back the exact figures each month.