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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
The term "Net Lease" is tossed around loosely in the net lease industry, often used when referring to a triple or double net lease; [citation needed] however, there is a definite distinction between a triple net and a double net lease even though some brokers erroneously use the term "Net Lease" to describe both.
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
Most of these lease agreements are triple-net leases, meaning it is the clients -- not Realty Income -- that assume the responsibility for things like taxes, insurance, and maintenance.
Triple net lease is a term used in real estate to describe a property owner that leaves all of the expenses to its renters. Realty Income is a leader in this space. Natural Resource Partners uses ...
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
In commercial real estate there are two different categories of leases: gross leases and net leases. A gross lease is where the tenant pays a flat fee to the owner of the building and the owner is ...
NNN Lease (triple net lease), a lease agreement in which the renter is responsible for paying property taxes, insurance, and maintenance charges No Nut November , an Internet challenge The "Disconnect" command code in Telex usage; by extension, "stop" in other uses
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