what does nnn mean in commercial real estate

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triple net lease

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  • What does NNN mean in a commercial 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. For example say you find Austin commercial real estatequoted as $14 NNN.?/div>What Does Triple Net NNN Mean in a Commercial Real Estate

  • What does NNN stand for?

  • 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. For example if you see a commercial space for lease quoted as…

  • What is a triple net (NNN) lease?

  • The triple net (NNN) lease is a lease agreement structure where the tenant pays all of the operating expenses for the property. Therefore, they handle building insurance, property insurance, and real estate taxes on top of paying rent.

  • What is a net lease in commercial real estate?

  • In commercial real estate, a net lease is a lease in which the tenant is required to pay a portion, or all, of the taxes, fees and maintenance costs for a property. A single net lease requires tenants to pay property taxes in addition to rent, and a double net lease typically tacks on property insurance.

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