NNN Lease

A NNN lease, or triple net lease, is a type of commercial property agreement where the tenant agrees to pay all operating expenses for the property, including property taxes, insurance, and maintenance costs, in addition to the rent. This shifts most financial responsibilities from the landlord to the tenant, providing the landlord with more predictable income. Often used for retail or industrial spaces, a NNN lease benefits tenants by typically offering lower base rent, while landlords avoid ongoing expenses, making it a popular arrangement for long-term commercial investments.