–Double net lease (NN) – the tenant pays rent plus taxes and insurance. Encountered for any type of commercial lease. –Triple net lease (NNN) – the tenant pays rent, taxes, insurance and maintenance. Encountered for any type of commercial lease. You might also be interested in: Is it...
A triple net lease (triple-net or NNN) is aleaseagreement on a property where the tenant promises to pay all expenses, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities. NNNs are one type of commercial property...
Whether a NNN lease is an absolute net lease often depends on the age of the building. For instance, if a building is brand new, the tenant of a NNN lease is usually responsible for paying for expenses related to renovations and repairs, such as replacing the HVAC if it wears out over...
What is a triple net (NNN) lease? An NNN (triple net lease) is a type of commercial lease wheretenantspay the base rent plus operating expenses like utilities, taxes, and insurance. A triple net lease is one of the most common commercial lease agreements in real estate investing. With NN...
A triple net lease or NNN lease is a common lease structure in commercial real estate, but what should you know about it as an investor or property manager? Dive into the benefits and customization freedom that comes with a triple net lease, and learn about the potential risks. From the ...
Finally, a triple net lease (triple-Net or NNN) is aleaseagreement 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. Because most commercial lease rates are set out in dollars per squ...
What is the most common type of commercial lease? A Triple Net Lease (NNN Lease)is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property manag...
Aflexible office spaceis a type of workspace designed to provide employees with avariety of different placesand ways to work. Unlike traditional offices with fixed and assigned desk positions, workers in a flexible office space can choose the area of the office that best suits the type of work...
CAM reconciliation is a critical part of managing commercial leases. Learn the components of CAM reconciliation and how STRATAFOLIO helps. Last Updated: October 11, 2024 Written By:Jeri Frank Common area maintenance charges (usually abbreviated as CAM) are often part of a NNN commercial lease. ...
Zero Cash Flow Properties or zeros are a specific type of real estate structure and that do not generate any income since all rental income is directly applied to service the debt that is taken on to finance the investment(Triple Net NNN Lease terms ). Zeros cash are characterized by: ...