Characteristics of a Successful Exchange Rate System (Occasional Paper (Intl Monetary Fund))
If a tenant is chargeable for all three (tax, insurance, maintenance) of the extraordinary expenses the lease is described as being “triple internet” (NNN). Triple internet leases leave the property owner free of all responsibilities and liabilities regarding the actual estate besides paying the mortgage if it happens to be financed. Clearly net lease are available single and double internet as-well.
When a credit score tenant, net leased property is financed the lease is actually securitized and, in a sense, was a personal placement company bond. At the same time a business real estate mortgage loan is underwritten towards the property. The mortgage is coterminous (matching the length of the lease), absolutely amortized, and non recourse.
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Read Snippet : This study identifies the key characteristics of a successful exchange rate system. It focuses on regimes in the industrial countries and consider the implications for the operation of the international monetary system.