1. Money
You can opt-out at any time. Please refer to our privacy policy for contact information.

Leasing Definitions - What is a "Triple Net Lease" (NNN or Net Net Net Lease)?


Man Looking Out of Highrise Apartment Window
Cavan Images/ Iconica/ Getty Images
Definition: A Triple Net Lease is also known as Net Net Net Lease or NNN Lease. This is a type of net lease in which the tenant pays all or part of the taxes, insurance, and maintenance associated with use of the property. These fees are paid in addition to the tenant's regular monthly rent.

Triple Net leases almost always favor the landlord and should be carefully negotiated to limit how much the landlord can increase NNN fees each year.

Related Terms:

Articles Related To Commercial Leasing

Also Known As: NNN Lease, Triple Net Lease, or Net Net Net Lease.

©2014 About.com. All rights reserved.