In real estate, a Triple Net (NNN) lease requires tenants to pay not only rent but also property taxes, insurance, and maintenance fees, providing landlords with consistent income and less management burden. In contrast, a gross lease covers all expenses in the rent, which simplifies costs for tenants while potentially increasing the landlord's financial risk. Each lease form is appropriate for a variety of investment and occupancy strategies.

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What is Triple Net (NNN) vs Gross Lease in real estate? - Leni
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What is Triple Net (NNN) vs Gross Lease in real estate? - Leni

Renting commercial real estate involves understanding different lease types. From gross to triple net, each has financial implications for both parties.