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What is a Triple Net Lease (NNN Lease)?
A Triple Net Lease is a net lease where the tenant is responsible for the property taxes, building insurance, and standard area maintenance (CAM) charges in addition to the base rent.
The Tipple Net lease is typically used for office or retail space. Under this type of lease, the tenant has more control over the property because they are responsible for its upkeep. This can benefit tenants who want more control over their space and how it looks. However, it is important to note that Tipple Net leases can be more expensive than other types because the tenant is responsible for more costs.
Published: Sep 20, 2022
Updated: May 26, 2023
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