Triple Net Lease (NNN)
A lease that requires the tenant to pay all expenses of the property being leased in addition to rent; typical expenses covered in such a lease include taxes, insurance, maintenance, and utilities.
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A lease that requires the tenant to pay all expenses of the property being leased in addition to rent; typical expenses covered in such a lease include taxes, insurance, maintenance, and utilities.
Source: NCREIF | Date: 09 September 2025 | ID: D1533 | Version: 1