About NNN Leases

In triple net (NNN) leases, the tenant pays towards all taxes, insurance, and common area maintenance (CAM) expenses, in addition to rent. Typically, the landlord projects the upcoming year’s expenses and the tenants pay for these expenses in advance. If there is a shortage at the end of the year, the Tenant gets a bill, if there is a overage, the tenants can get a refund or have the credit applied to the upcoming year’s expenses.

What does this mean?
To the landlord, NNN leases mean being free of the day-to-day concerns of running the property and tax, insruance increases and CAM increases. And, the tenant should monitor the expenses as they have to be commercially reasonable.

What will my Triple Net expenses be?
Click here for our easy-to-use NNN calculator: a tool that will help you determine what your actual cash investment per month will be.