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How to Countersign Triple Net Lease Agreement

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A Triple Net (NNN) Lease is a commercial lease agreement in which the tenant agrees to pay a base rental amount and the net amount of the landlord's real estate taxes, the net amount of the building insurance, and the net amount of the common area maintenance expenses.
The Good: For the tenant, the triple net lease can be great. A tenant has more freedom with the structure and can better customize a space for use WITHOUT the capital investment of a purchase. The tenant pays less for rent, as they have incurred other expenses.
A triple net lease (or “nnn" lease) is a form of real-estate lease agreement where the tenant or lessee is responsible for the ongoing expenses of the property, including real estate taxes, building insurance, and maintenance, in addition to paying the rent and utilities.
The triple net lease, also called a “triple N," places responsibility with the tenant for three payments in addition to the rent. The tenant pays for building maintenance, insurance and property taxes. Lower rent makes it easier to find tenants, so the landlord is less likely to have a vacant building.
A net lease is a real estate lease in which a tenant pays one or more additional expenses. A triple net lease, also known as an NNN or net-net-net lease, requires the tenant to pay rent plus all three additional expenses.
NNN leases are considered to be one of the most secure investment opportunities. This is because, similar to bonds, single-tenant net-leased properties provide steady and predictable returns over time.
What is NNN in a commercial lease? NNN stands for net, net, net. These pass through expenses of leasing are portions tenants or lessees pay in addition to the lease fee, or rent to the landlord or lessor. The NNN fees are property taxes, property insurance and common area maintenance.
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 triple net (NNN) in a commercial real estate lease stands for Net, Net, Net which are the taxes, property insurance, and common area maintenance charges that Tenants or Lessees pay for in addition to their base rent.
A triple net lease has risk for both the tenant and landlord (lessor). It is most common for larger chains (think Walgreens, McDonald's, Home Depot) to enter into a lease fro a very long time; typically 10 to 25 years.
NNN leases are considered to be one of the most secure investment opportunities. This is because, similar to bonds, single-tenant net-leased properties provide steady and predictable returns over time.
A triple net lease affords the landlord the advantage of not having to foot the bill for tenants who are wasteful of utilities or rough on their spaces, thus requiring more than average in the way of maintenance and repair costs. The tenants must be more careful and watch their expenses in this type of lease.
The triple net (NNN) in a commercial real estate lease stands for Net, Net, Net which are the taxes, property insurance, and common area maintenance charges that Tenants or Lessees pay for in addition to their base rent.
NNN stands for net, net, net. These pass through expenses of leasing are portions tenants or lessees pay in addition to the lease fee, or rent to the landlord or lessor. The NNN fees are property taxes, property insurance and common area maintenance. That means the rent is $15 per foot per year plus the NNN.
The tenant's ability to negotiate around a NNN leases is typically limited by the particular geographic area. If the tenant is taking on all responsibility and risk of the landlord's overhead, then the tenant may be able to negotiate a more favorable base rental amount.
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