Why am I responsible for replacing the HVAC equipment?

Many healthcare tenants are unaware of the terms of their lease. They may assume just because they got good rate that there is nothing else to worry about.

However, many landlords have moved over to a NNN (“triple net”) lease structure, which provides a tenant a lower base rent while passing through the operating expenses (and in many cases maintenance issues) of the property.

It is important to carefully review the lease agreement before signing it to understand your responsibilities as a tenant. If you are unsure about what is included in the lease agreement or have questions, it is best to seek legal advice and consult with your healthcare real estate agent.