What is a hell or highwater lease?
Good question.
This type of lease makes it where regardless of what happens to the property the tenant is renting, the tenant is still responsible for paying the rent. So, even if the building is destroyed by some natural disaster and can’t be repaired for a full year, the tenant must continue making monthly payments.
In US real estate these leases are also called true triple net leases, absolute triple net leases, or a bond lease.
A bond lease (hell or highwater lease) at first might look like a triple net lease where the tenant is taking all responsibility for maintenance, taxes, and insurance but a bond lease goes further. WIth a bond lease the tenant is also responsible for rebuilding and continuing to make payments.
They are advantageous leases for landlords to have tenants sign when possible but are not so common. They are not common at all in residential real estate but can be found more often in commercial real estate.
I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of investing as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.
You also can register at meetup.com at the link below:
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
I hope that helps and good luck with your investing!
Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller
-
7:08:45
The Charlie Kirk Show
13 hours agoDonald Trump is BACK: Live at the Republican National Convention, Day 4
327K173 -
26:54
Breaking Points
11 hours ago7/18/24 BREAKING: Biden Out THIS WEEKEND Per Report
97.3K33 -
3:50:26
Alex Zedra
10 hours agoLIVE! Another night of Scary Games
139K17 -
38:40
The Dan Bongino Show
14 hours agoBongino x Russell Brand - LIVE at the RNC
454K395 -
1:07:15
Glenn Greenwald
15 hours agoMichael Tracey Reports from the RNC in Milwaukee | SYSTEM UPDATE #300
181K102 -
1:11:53
Havoc
15 hours agoWhat's a Classic | Stuck Off the Realness Ep. 5
153K7 -
49:35
Donald Trump Jr.
15 hours agoHULK HOGAN LIVE FROM THE RNC
260K227 -
6:27:56
Benny Johnson
16 hours ago🚨Donald Trump, Tucker, Kid Rock, Dana White, Hulk Hogan Bring Down the House at RNC | LEGENDS 🔥
311K172 -
5:42:34
Akademiks
17 hours agoCardi B Goes Crazy on Joe Budden. Schoolboy Q Declares War on OVO. Big Sean goes at Kendrick/Haters?
231K45 -
6:52:29
Drew Hernandez
18 hours agoPRESIDENT DONALD J. TRUMP SPEAKS: RNC NIGHT 4
167K56