NNN definition
Examples of NNN in a sentence
If both Parties have agreed to a Triple (NNN) Lease, then the minimum coverage amount on the insurance policies the Lessee must obtain and maintain protecting both Parties against the financial repercussions that often result from injury on the property, death on the property, or property damage should be recorded must be established in this paperwork.
The tenant’s annual rent is based on the price per square foot ($/SF) plus any triple-net (NNN) expenses.
Download: Adobe PDF, MS Word, OpenDocument Triple-Net (NNN) Lease Agreement – Tenant pays an agreed-upon amount to the landlord in addition to all expenses apart of the property including but not limited to taxes, common area maintenance (CAM’s), and real estate taxes levied by the county and/or city/town.
All communications hereunder, except as herein otherwise specifically provided, shall be sufficiently given or made if sent by United States mail, first-class, postage prepaid, addressed or sent by facsimile as follows: IF TO THE AGENT: NNN Capital Corp.
In addition to the Base Rent, the Tenant shall be obligated to pay the following monthly expenses _ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ _ _ _ _ ☐ - TRIPLE NET (NNN).