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You are here: Home » Resources » Articles » Three Reasons to Consider a Property Condition Assessment with Your NNN Lease

May 31, 2019

Three Reasons to Consider a Property Condition Assessment with Your NNN Lease

By Aaron Kovan, LEED AP

OWNERS AND TENANTS HAVE A STAKE IN TRANSACTION

In a triple-net lease, the owner and tenant each have a stake and a responsibility in maintaining the physical condition of a property. While a commercial lease defines these roles, interpreting and applying lease terms can be a messy business, particularly when it comes to property condition. Owners and operators alike can benefit from a tool that helps them understand the condition of a property and the cost of maintaining it within the framework of their lease agreement. A Property Condition Assessment (PCA) is designed to do just that.

To read the full blog on GlobeSt.com, click here.

About the Authors

Aaron Kovan, LEED AP

Aaron Kovan, LEED AP

Executive Director - Building Sciences
Executive Director of the Building Science Division, Aaron Kovan, LEED AP is responsible for the overall quality and consistency of Property Condition Reports which includes efforts in quality assurance, quality control, staff training, process and policy development and implementation, as well as managing client relationships. Mr. Kovan has more than 15 years of experience in the engineering, environmental, construction, and development fields. He has successfully managed projects of varying property types, including; institutional, retail, assisted living, and multifamily residential throughout the country. Mr. Kovan is trained as an Architect and has worked as a General Contractor, Developer, and Subcontractor. As Technical Director, he draws on this diverse knowledge base and experience in the residential, industrial, institutional, and commercial environments in order to be a major contribution to Partner Engineering and Science’s national team.

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