A Triple Net Lease of Computer (also known as a Net-Net-Net or NNN lease) is a type of commercial real estate lease agreement in which the tenant is responsible for all costs associated with the operation of a property, including real estate taxes, insurance, and maintenance expenses. The tenant typically pays a flat rent plus a percentage of their gross sales. Under a Triple Net Lease of Computer, the tenant has exclusive use of the property and is responsible for the full cost of ownership, including capital improvements and repairs. There are two types of Triple Net Lease of Computer: 1. Full Triple Net Lease: Under this type of lease, the tenant is responsible for all costs associated with the property, including taxes, insurance, and maintenance expenses. 2. Modified Triple Net Lease: Under this type of lease, the landlord pays some expenses, such as taxes, insurance, or maintenance. The tenant is responsible for the remaining costs.
Triple Net Lease of Computer
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FAQ
Triple net lease (NNN) is normally a commercial lease where the lessee pays rent and utilities as well as three other types of property expenses: insurance, maintenance, and taxes.
How do you Calculate a Triple Net Lease. First, add annual property taxes and insurance for the building, then divide the total by the building's total amount of rental square footage.
The main disadvantage of a triple net lease in commercial real estate is the higher monthly costs as opposed to those in double or single net lease structures. Furthermore, since tenants become responsible for taxes, this puts them on the hook for any tax-related liabilities such as fines and penalties.
The most obvious benefit of using a triple net lease for a tenant is a lower price point for the base lease. Since the tenant is absorbing at least some of the taxes, insurance, and maintenance expenses, a triple net lease features a lower monthly rent than a gross lease agreement.
NNN leases afford lower risk than standard commercial leases. NNN leases are most commonly used for buildings with significant cash flow, such as office buildings and restaurant chains. Similarly, a shopping mall might be paying rent through an NNN lease to the property owner.
Because the tenant is responsible for nearly all the costs associated with the property?from property taxes and insurance to regular upkeep costs?a triple net lease agreement is a fairly low-risk investment for an investor.
With a triple net lease (NNN), the tenant agrees to pay the property expenses such as real estate taxes, building insurance, and maintenance in addition to rent and utilities.
NNN Advantages Unlike the stock market and high-maintenance real estate, a NNN lease investment is a valuable, tangible asset that offers the security of monthly income backed by a lease, steady cash flow, and very few or no responsibilities for lifestyle freedom.