Does EPIC Use Triple Net Leases?.
EPIC exclusively uses triple-net leases as a part of its program. All clients purchasing property through EPIC will lease the property to EPIC for a guaranteed, net monthly rental amount. EPIC will be responsible for paying all taxes, insurance, and maintenance. The owner of the property (the elder law attorney’s client) receives a “net”, fixed monthly rental amount. This simplifies the medicaid application and eliminates fluctuations in income.