Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Leasing Definitions – What is a “Triple Net Lease” (NNN or Net Net Net Lease)?

0
Posted

Leasing Definitions – What is a “Triple Net Lease” (NNN or Net Net Net Lease)?

0

Definition: A Triple Net Lease is also known as Net Net Net Lease or NNN Lease. This is a type of net lease in which the tenant pays all or part of the taxes, insurance, and maintenance associated with use of the property. These fees are paid in addition to the tenant’s regular monthly rent. Triple Net leases almost always favor the landlord and should be carefully negotiated to limit how much the landlord can increase NNN fees each year. Related Terms: • Double Net LeaseNet LeaseFully Serviced LeaseRentable Square FeetUsabl

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.