Triple NNN or Triple Net – A NNN lease is set up to have the Tenant pay a base rental amount each month to the Landlord. In addition to the base rent, the Tenant also pays all other expenses associated with the property such as property taxes, insurance and maintenance. NNN leases differ from true or absolute NNN leases usually only in landlord responsibilities. For example, a True NNN lease usually has no landlord responsibility where a general NNN lease may call for the Landlord to maintain the roof, walls and foundation…or some combination thereof. These leases can be used for all types of commercial properties and almost always apply to single user, leased property.
All WF Articles & Links for Tag "Triple Net Lease"
This page shows you all of the Articles and Links you requested. Assuming you have an account and are signed in, you will see a link to save the Article or Link to "Saved A&L" for later review. Once you do either, the Article or Link will be moved. You will need an account to use these features, and you must be signed in as well.
library_books Types of Commercial Leases - Part 2 - Triple Net (NNN)
library_books A BROKER’S GUIDE - ENTERING INTO A COMMERCIAL LEASE AGREEMENT
Want more infomation about something on this page? Need industrial, office or warehouse space? Fill out our form here to let our Broker Affiliate Network know about your needs including help assessing an existing lease. You may also call us at (800) 814 - 4214 to begin the discussion.