Leases and transactions

NNN Lease (NNN)

An NNN lease, or triple net lease, is a commercial lease in which the tenant pays rent plus property taxes, insurance and maintenance expenses for the property.

Why it matters

Landlords have fewer expenses, but tenants take on more upkeep. Disputes arise when the building's condition at lease start is unclear. A documented baseline condition helps both sides understand who must fix what.

Source: law.cornell.edu

Related Calibre serviceNNN Lease Inspections

Where we discuss it

Ready for your next inspection?

Tell us about the property and your timeline. We will scope the right report and send a proposal.