What Does NNN Mean? NNN stands for Triple Net rent. In this type of commercial real estate rent, you pay the amount listed and you also have pay additional costs (usually Operating Expenses) on top of that. For example: say the Office Space listing you’re interested in says the rent is $24.00 NNN per sqft/year.
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NNN means or stands for Triple Net Lease. What that means is, the Tenant, is responsible for all cost above their Lease Rate. This normally include Building Insurance, Maintance and Property Tax. The Tenant will pay a portion, depending on much square footage they have acquired from the Landlord.
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Answer(s) GEORGE R. In a triple net lease, the tenant is responsible for all ongoing expenses, taxes, utilities, insurance payments, maintenance, and repairs. At the same time, the landlord collects monthly net rental income just as he or she would with a traditional real estate investment.
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Triple Net Lease. A triple net lease is a lease agreement that designates the lessee, which is the tenant, as being solely responsible for all the costs relating to the asset being leased, in addition to the rent fee applied under the lease.
http://www.investopedia.com/terms/n/netnetnet.asp
Triple Net Lease. What is a 'Triple Net Lease'. A triple net lease is a lease agreement that designates the lessee, which is the tenant, as being solely responsible for all the costs relating to the asset being leased, in addition to the rent fee applied under the lease.
http://www.investopedia.com/terms/n/netnetnet.asp
What does NNN mean? What is a Triple Net Lease? It’s common to see this in commercial real estate listings or advertisements. Triple Net Lease, or NNN, is one in which the tenant is responsible for all of the expenses that come with the commercial real estate, in addition to the monthly rent. Those extra expenses are usually: property tax, property insurance, and maintenance or common area expenses. These are the most common but with a NNN lease all expenses related to the property are generally covered by the Tenant. A triple net lease is different than a gross lease or modified lease, in which some or all expenses are paid by the Landlord and included in the rent.
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That is, your rent includes the base rent that goes to the landlord, the real estate taxes, insurance, CAM/operating expenses, and electric service and janitorial for the common areas and tenant space. The rent is paid in one check, and typically escalates at a fixed percentage each year.
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The structure of this type of lease requires the lessee to pay the net amount for three types of costs, including net real estate taxes on the leased asset, net building insurance and net common area maintenance. This type of lease can also be referred to as a net-net-net (NNN) lease.
http://www.investopedia.com/terms/n/netnetnet.asp
In the U.S., the NNN Lease or Triple Net Lease is one where the tenant, rather than the landlord, pays the three major expenses associated with real estate. Quoting the introductory portion of the relevant Wikipedia article (NNN Lease):
https://www.quora.com/What-does-NNN-mean-on-a-lease
The term net lease is often used as a shorthand expression when referring to NNN leases. An NNN Lease is a net lease, structured as a turnkey investment property in which the tenant is responsible for paying the three major expenses associated with commercial real estate ownership. The rent the landlord receives from the tenant is in effect net of expenses.
https://www.quora.com/What-does-NNN-mean-on-a-lease
what does nnn mean in real estate?
NNN means Triple Net Lease, is one in which the tenant is responsible for all of the expenses that come with the commercial real estate, in addition to the monthly rent. A Triple Net Lease is one in which the tenant is responsible for all of the expenses that come with the commercial real estate, in addition to the monthly rent.  Triple Net Lease, or Net Net Net, is one in which the tenant is responsible for all of the expenses that come with the commercial real estate, in addition to the monthly rent.