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What is a NNN (Triple Net) lease?

April 26, 2017lease NET nnn triple

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What is a NNN (Triple Net) lease?

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A NNN lease is one in which in addition to base rent, CAM (Common Area Maintenance) charges such as gas, electricity, snow removal, etc. are directly passed through to the tenant. The base rent for this type of lease is generally a fixed per square foot charge that is adjusted annually. This base rent is typically lower when compared with a Full Service lease for similar types of building space.