Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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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.

Source: NCREIF | Date: 09 September 2025 | ID: D1533 | Version: 1