What does NNN mean in a lease agreement for office rental?

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What does NNN mean in a lease agreement for office rental?

2007-01-31 03:38:27 · 2 answers · asked by Valy 1 in Business & Finance ➔ Renting & Real Estate

2 answers

This mean a triple net lease. There are many versions but it generally means the tenant is responsible for all expenses associated with the office which includes property taxes, maintenance, utilities, Common Area Charges, insurance etc.

2007-01-31 03:52:08 · answer #1 · answered by tianaramal 4 · 2⤊ 0⤋

Triple Net

2007-01-31 03:50:46 · answer #2 · answered by ☼High☼Voltage☼Blonde☼ 4 · 0⤊ 0⤋