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What is NNN, NN, N lease? How do they differ from Gross Lease...
What is NNN , NN, N lease? How do they differ from a Gross Lease?
Having International clients who were not familiar with the terminology of NNN (Net-Net-Net) lease prompted me to write a blog post to explain the differences between commercial leases. I could write a chapter not a blog post on each of these different lease types. Hence here is the abbreviated version:
Triple Net Lease , this type of lease clearly favors the Investor who does not like high risk , because the ‘Tenant’ has signed a long-term lease that could be ten or more years . The typical tenant is either leases an office building,  or a top of the line Shopping Center as an example. Customarily is  responsible for paying for, the taxes, insurance as well as the upkeep of the building. At the same time rent increases have been negotiated or should I say built into the contract.
So, how does this favor the Tenant? Since the Tenant is paying the costs that are customarily a Landlord’s responsibility, the rent charged is substantially lower than the going rate for similar properties. This is calculated in, to compensate for the Tenant handling the costs of the Building Insurance, the ... more

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