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What is an NNN Lease? |
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A triple net lease is common in commercial leases. The tenant is responsible for the owners expenses such as property taxes, maintenance, and insurance. These amounts are over and above what you are paying in rented square footage. It is also called a "Triple Net" or Net-Net-Net lease.
First answer by ID1218031786. Last edit by LaughingVulcan. Contributor trust: 19 [recommend contributor]. Question popularity: 9 [recommend question]
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