DICTIONARY

Tenant Bill-Back Calculator

The tenant bill-back calculator is an Excel calculator that helps you transfer your leases from full gross to triple net. It lets you see the amount that each of your tenants will end up paying monthly.

Why it Matters

Under a gross lease, tenants pay rent that includes utilities, taxes, and insurance. When the building’s monthly utility costs fluctuate, either the landlord can keep the extra money from tenants or must cover the remaining balance. This leads to a large variation in expenses every month; triple net leasing is a great solution for this. The tenant submetering calculator can help you calculate how changing to a triple net lease will affect your bottom line before you deploy tenant submeters. 

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