A triple net lease is a commercial lease for which the lessee essentially takes on all the cost of the property in addition to a monthly lease payment. The lessee is directly responsible for paying.
A triple net lease-sometimes referred to as an NNN lease, a net-net-net lease, or an absolute net lease-is a commercial leasing term that refers to a situation in which the tenant pays virtually all the operating expenses associated with maintaining the property he’s renting.
The triple net lease is calculated based on the amount of square footage the particular tenant is renting. For commercial landlords, triple net leases usually make more sense than the alternative, which is the gross rent model. In that scenario, the landlord pays all operating expenses out of the gross monthly rent.
A triple net lease (NNN) is a lease agreement on a property where the tenant or lessee is responsible for paying all three “net” expenses – real estate taxes,
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In a triple net lease, also known as the NNN lease, most risks are transferred to the tenant. Property taxes.
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.).
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Net Lease: A provision that requires the tenant to pay a portion or all of the taxes, fees and maintenance costs for the property in addition to rent. Net lease requirements are most commonly used.
We specialize in making commercial mortgage loans for single tenant triple-net leased properties. These loans are sometimes called nnn lease financing, triple net lease financing, credit tenant leases, or single tenant lease financing.