What Is a Triple Net Lease?
If you’re looking at commercial property for your business, you’ve probably seen the term NNN lease or triple net lease. If you’re asking what is a triple net lease, the monthly rent might seem affordable at first glance, but there’s more to the total cost than the base rent. A triple net lease shifts several property expenses from the landlord to the tenant. In fact, this type of lease is common in retail stores, restaurants, medical offices, warehouses, and standalone commercial buildings. Therefore, understanding how it works can help business…
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