Glossary of Terms

Triple Net (NNN) Lease 2015-09-16 08:00:00

Triple Net (NNN) Lease

A lease agreement that states the tenant is solely responsible for all of the costs relating to the property being leased in addition to the rent. This type of lease requires the tenant to pay real estate taxes on the leased property, building insurance, and maintenance.

Note that a triple net (NNN) lease differs from an absolute net lease in that the landlord is responsible for structural issues under a triple net lease, whereas that responsibility is passed to the tenant under an absolute net lease. Investors should carefully review the specific lease terms, as the definition of a triple net lease may differ slightly from market to market and is also a commonly misused term.

 


What is a 1031 Exchange?

Download The Investor's Guidebook

Co-Investment DST Opportunity

Walmart Supercenter

READ MORE

What is a 1031 Exchange? eBook
Download

Download the Realized Ebook - What Is A 1031 Exchange?

1031 Exchange Calculator
Download

Download the Realized 1031 Calculator

Filter by

Fractional 1031 Investing 1031 Exchange Capital Gains on Real Estate Capital Gains Tax General Real Estate Investing