An NNN Lease is a net lease, structured as a turnkey investment property in which the tenant is responsible for paying the three major expenses associated with commercial real estate ownership."NNN" stands for "Net-Net-Net", is pronounced "Triple Net" and represents the three most common, consequential real estate related expenses:
N - Property Tax
N - Insurance
N - Maintenance
The rent the landlord receives from the tenant is net of expenses.
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Sep 28, 2012