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There are several factors used to determine the riskiness of a lease, including remaining term on the lease and creditworthiness of the tenant. [7] In one variation of a NNN lease contract, the "bondable NNN lease" (sometimes referred to as a "true triple net" or "absolute triple net" lease), the tenant cannot terminate the lease or seek any ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Unlike double and triple net leases, the landlord/lessor remains responsible for paying any insurance and maintenance expenses (i.e. in a single net lease the rent the landlord receives is net of property taxes, but not insurance and maintenance). [1]
Another common rental property is a free-standing commercial building leased to a single tenant. These properties can range from a small retail property to a larger industrial or office building.
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NNN REIT. NNN REIT invests primarily in high-quality retail properties subject generally to long-term net leases. ... These properties are single-tenant net lease retail properties, where tenants ...
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