admin / October 18, 2021
Triple Net Lease (NNN)
By: Robby Eaves, CCIM
The NNN is rent in addition to base rent and the cost of utilities.
Triple Nets are estimated for the year and typically paid together with rent each month. At the end of the year the actual cost of NNN is calculated and reconciled with the tenant if the estimation differed from the actual expenses.
In addition, there are also:
Single Net Lease – In addition to base rent, the tenant also pays their proportionate share of property taxes.
Double Net Lease – In addition to base rent, the tenant also pays their proportionate share of property taxes and property insurance
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