What does N-N-N mean when you are reading about commerical properties for lease?

In Leasing Property - Asked by kristin t. - Dec 28, 2008
Report Abuse
Answer this Question

Answer(s)

Anthony V.
Owner/Investor
Alhambra, CA

It means that in addition to the rent being paid by the tenant, the tenant is also responsible for paying the property taxes, insurance and maintenance of the building. If the building is occupied by more than one tenant, the additional cost is usually divided by the square footage. Of the building and billed accordingly.

Dec 29, 2008
Report Abuse
Chet M.
Developer
Cupertino, CA

Beware of properties that are listed as NNN, but realy are not.

Jan 9, 2009
Report Abuse
Christopher K.
Broker/Agent
Ellicott City, MD

It is one method by which expenses are recovered by a landlord from a tenant. NNN is short for "net net net" and is used interchangably with the phrase "triple net."
Terms like NNN or "triple net" don't mean the same thing to every real estate professional so only a lease can give you a definitive answer. To most however, this means that on top of your monthly rental payment, you as tenant are going to be responsible for paying your pro rata share of all operating expenses, including common area maintenance, common utilities, real estate taxes, and insurance.
Some expenses like management fees and maintenance of the roof and structure are passed through in some "net leases" and not in others. Again, the lease governs.
Christopher B. Kubler, CCIM
NAI KLNB
443-574-1415

Feb 21, 2009
Report Abuse
anna r.
Broker/Agent
Duluth, GA

MPD

Jan 22, 2010
Report Abuse
jean s.
Tenant
Plano, TX

what does industrial gross mean?

Apr 8, 2014
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question