Net/Net/Net (n/n/n): A lease requiring the tenant to pay, in addition to a fixed rental rate, the expenses for the property leased. These usually include the following: taxes, insurance and maintenance. Be careful with these types of leases or else the landlord will have the tenant paying everything from light bulbs to a new roof.
Commercial Real Estate Definitions
About the Author
Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.