---
title: "What Is NNN (NNN Lease)? | Calibre Glossary"
description: "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."
url: https://calibre.multisites.ai/glossary/nnn-lease
publisher: Calibre Commercial Inspections
phone: "+1-208-305-6245"
email: Schedule@CalibreCBI.com
---

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](https://www.law.cornell.edu/wex/triple_net_lease)

[Related Calibre serviceNNN Lease Inspections](https://calibre.multisites.ai/cre-services/nnn-lease-inspections-triple-net)

## Where we discuss it

-   [NNN Lease Baseline Inspections: Day-One Condition](https://calibre.multisites.ai/cre-inspector-insights/nnn-lease-baseline-inspections-day-one-condition)
-   [Weekly Boise CRE Insights 10-17-25](https://calibre.multisites.ai/cre-inspector-insights/weekly-boise-cre-update-10-17-25)

## Ready for your next inspection?

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

[Request a proposal](https://calibre.multisites.ai/request-proposal) [(208) 305-6245](tel:+12083056245)