A lease in which the lessee pays rent to the lessor, as well as all taxes, insurance,...
One in which the tenant is to pay all operating expenses of the property; the landlord receives a net rent.
A lease arrangement whereby the Tenant is obligated to pay for all the operating expenses associated with their space. They would have to contract individually for janitorial, electricity, insurance, and repairs. Not often seen in office buildings because many services overlap (i.e. there is a central air system, central restrooms). NNN leases can become expensive if surprise maintenance issues arise, or the property does not have an established expense pattern (it's new).
a "Lease in which provision
a long term lease where the tenant pays for all maintenance, taxes, insurance, and utilities
a net lease where the tenant agrees to pay a monthly lump sum base rent as well as the property taxes, the property insurance, and the maintenance
A lease where the rent paid to landlord includes no operating expenses. In addition to the triple net "base rent", the tenant is obligated to pay property taxes, property insurance, and maintenance. The landlord is generally responsible for maintenance of the building foundation, exterior walls, and roof.
A commercial lease in which the tenant is required to pay all the expenses of the property and the landlord receives a net rent amount each month.
Triple net (net, net, net) means that the tenant is responsible for generally everything including structural repair.
Lease in which the lessee assumes the payments of maintenance and upkeep, taxes, utilities, and insurance. The tenant bears the risks associated with these fluctuating expenses.
A lease arrangement in which the lessee will pay rent to the lessor, plus taxes, insurance, and maintenance on the property.
A net, net, net lease, where in addition to the stipulated rent, the lessee assumes payment of all expenses associated with the operation of the property.
A lease that requires the tenant to pay all expenses of the property being leased in addition to rent. Typical expenses covered in such a lease include taxes, insurance, maintenance and utilities.
lease in which the tenant pays all operating expenses of the property e.g. taxes, insurance, and maintenance in addition to normal operating expenses. Return to Fresno Real Estate Investing
A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs.
A Triple net lease (also referred to as NNN or Net-Net-Net or "hell or high water" lease) is a lease agreement on a property where the tenant or lessee agrees to pay all Real Estate Taxes (Net), Building Insurance (Net) and Common Area Maintenance (Net) on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with repairs or replacement of the structural building elements of the property.
