Triple Net Category - How to include in Rent payment transaction

Tory

I have a tenant that pays rent and also pays additional for triple net. Do I add that to the rent portion and then categorize it in the register?

UKR

Having never heard of Triple Net before, I had to google it first:

A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to
pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.

AFAIK the Rent Manager feature, there's no way to directly change the Rent Payment Scheduled Reminder and add a Split for the Triple Net amount. That reminder is using a special format which you cannot change to add a category split.

You could do the following, assuming you already have (or create) a NNN income category, e.g., "Triple Net Received":

• Change the monthly rent amount to include $xxx.xx for NNN.
  Record the Rent reminder as usual for the full amount, rent + NNN.
• Create and use a 2nd monthly reminder, "Tenant name (NNN)" for $0.00 with a Split
  - subtract $xxx.xx from category Rents Received
  - add $xxx.xx to category Triple Net Received
  This moves the money to the NNN category for tracking.

It might be a good idea if the Quicken programmers could enhance the Rental Property Tenant transaction to add a few extra Split lines, e.g., one for Rent Received, several others for extra items like NNN or other regular charges to the tenant.