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In United States real estate business, "net lease" is a term used for an arrangement in which the tenant or lessee is responsible for paying, in addition to base rent, some or all of the expenses related to real-estate ownership.
u Real estate taxes u Maintenance and management fees u Building insurance. Under an NNN lease, the tenant agrees to pay rent and to cover all three nets, leaving the property owner with minimal expenses associated with the property.
A triple net (NNN) lease is a type of real estate lease in which the tenant is responsible for paying the building's property taxes, insurance and maintenance costs in addition to rent. These three additional costs represent the nets to which the name of the lease refers.
Most NNN Lease Investment are structured as Absolute NNN, in which the tenant is responsible for: Property Taxes, Insurance, Maintenance Costs and also the roof and structure.
Locate and evaluate Triple Net Lease Properties (NNN) A triple net lease (Net-Net-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 on the property.
For example, if property taxes increase one particular year at an unusually high rate, then the landlord’s bottom line cash flow will be protected under an NNN lease and the tenant will be the one responsible for bearing this increased expense.
A triple net lease (Net-Net-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 on the property. In such a lease...
In its purest form (called a NNN - Triple Net Lease) the tenant manages the property, doing everything from paying all the operating expenses, property taxes, utilities, insurance premiums, maintenance and repairs.
1031tax.com will email the best fee simple or ground leased NNN properties to you before most other investors see them. In addition, "The NNN Triple Net Property Book" was written for buyers of single tenant NNN property.
The definition of a Triple Net Lease (NNN) requires the tenant to pay all insurance, maintenance, and taxes.