A triple net lease (Net-Net-Net or NNN) is a lease agreement on a commercial property whereas 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, etc.). In such a lease as this, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area of that particular Net Lease Property.
Still unclear on a NNN lease feel free to visit our other website for more information http://www.nnncommercialrealestate.com/.
