A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease.
In a commercial real estate, a net lease requires the tenant to pay, in addition to rent, some or all of the property expenses that normally would be paid by the property owner (known as the landlord or lessor). In a net lease, the property owner receives the rent net after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit. 0. In a triple net lease, the tenant is responsible for all ongoing expenses, taxes, utilities, insurance payments, maintenance, and repairs. At the same time, the landlord collects monthly net rental income just as he or she would with a traditional real estate investment.  A triple net lease (Net-Net-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.). In a net lease, the property owner receives the rent net after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit. Triple Net Lease. The triple net lease is a type of lease that passes on three of the biggest responsibilities associated with a piece of commercial property. With this kind of lease, the tenant agrees to pay for property taxes, property insurance and for maintenance of the property. DEFINITION of 'Triple Net Lease'. A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease. A net-net-net lease, also known as a triple net or NNN lease, is a type of real estate lease that requires the tenant to ... Definition of Triple Net Lease. A lease providing that the tenant pay for all maintenance expenses, plus utilities, taxes, and insurance. This results in lower risk for investors, who usually form a limited partnership. BREAKING DOWN 'Triple Net Lease'. For example, if a property owner leases out a building to a business using a triple net lease, the tenant will be responsible for paying the building's property taxes, building insurance and the cost of any maintenance or repairs the building may require during the term of the lease. A net-net-net lease, also known as a triple net or NNN lease, is a type of real estate lease that requires the tenant to ... In a triple net lease, the tenant is responsible for all ongoing expenses, taxes, utilities, insurance payments, maintenance, and repairs. At the same time, the landlord collects monthly net rental income just as he or she would with a traditional real estate investment. View Profile. NNN means or stands for Triple Net Lease. What that means is, the Tenant, is responsible for all cost above their Lease Rate. This normally include Building Insurance, Maintance and Property Tax. The Tenant will pay a portion, depending on much square footage they have acquired from the Landlord. Net, Net, Net Lease (Triple Net or NNN): Usually means that the tenant not the landlord or owner is responsible for all operating expenses, real estate taxes and the building roof and structural integrity. There are various forms of Net leases and all have varying degrees of net aspects. NNN Lease (Triple Net Lease): Tenant is responsible for all operating expenses, real estate taxes, the roof, and the structural integrity of the building.
https://en.wikipedia.org/wiki/Net_lease http://qna.mortgagenewsdaily.com/questions/triple-net-leased-properties-and-how-they-work https://en.wikipedia.org/wiki/Net_lease http://www.ehow.com/info_7869580_triple-net-mean-commercial-lease.html http://www.investopedia.com/terms/n/netnetnet.asp http://www.advfn.com/money-words_term_5830_triple_net_lease.html http://www.investopedia.com/terms/n/netnetnet.asp http://answers.loopnet.com/Question/what-does-NNN-mean_3409/ http://terrymarks.com/nnn-vs-nn/
what is triple net rent mean