Triple net leases (NNN) are often touted as a dream for passive-income investors, but what does the landlord pay in triple net lease agreements, really? While tenants cover taxes, insurance, and maintenance, landlords aren’t completely off the hook. In this article, we’ll break down exactly what financial responsibilities landlords still hold under NNN leases. What is a Triple Net Lease (NNN)? So, what are triple net expenses? A Triple Net Lease, often known as NNN, is a commercial real estate lease structure where the tenant is responsible for nearly all operating expenses associated with the property. Under an NNN lease, the tenant pays for three primary cost categories, known as the “three nets”: Property taxes, Building insurance, Maintenance costs. These payments
Jun 03, 2025
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