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triple net lease rates

In Selling Property - Asked by James T. - Apr 11, 2012
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Answer(s)

Patrick M.
Owner/Investor
San Bruno, CA

NNN lease is when the tenant pays property taxes, insurance and maintenance in addition to the rent

Apr 11, 2012
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Dick S.
Broker/Agent
Grand Junction, CO

Make sure to compare apples to apples when shopping for a lease rate. The triple net charges are usually estimated and can be added into the "base rent" which helps when comparing to a gross lease alternative.

Apr 12, 2012
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Jonathan A.
Broker/Agent
Dallas, TX

NNN (triple net leases) are pro-rate share of property taxes, insurance and common area maintenance (CAM), in addition to the rent. Only a seasoned real estate broker or attorney can make sure that you are protected with all facets of the lease including the NNN stipuation.

Web Reference: www.transglobalre.com
Apr 14, 2012
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