What are NNN payments?
A triple net lease (triple-Net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property including real estate taxes, building insurance, and maintenance.
What does NNN Call mean?
When renting commercial real estate whether it be office space, retail space, or warehouse space most owners will use a triple net lease (seen as NNN). NNN stands for net, net net which are the property’s operating expenses (taxes, insurance, & common area maintenance fees) that the owner passes through to tenants.
What are the benefits of NNN?
3 Benefits of NNN Properties as an Investment Option
- Passive Investment. Typically the tenant is responsible for all real estate taxes, insurance and all maintenance.
- Predictable Revenue Stream.
- Portfolio Diversification.
What is a Coomer?
Coomer is an internet meme based on an illustration of a scraggly male character who is mocked as an excessive masturbator. More broadly, coomer (with a lowercase C) is an often ironic insult for an oversexed young man or, more generally, a loser.
What does BBB mean slang?
BBB means “Bored Beyond Belief,” “Bugging Beyond Belief,” “Bullsh*t Baffles Brains” and “Better Business Bureau.”
What does NNN mean in commercial real estate?
Wonder no more. In this post, we’ll demystify what the heck NNN means next to all those Office, Warehouse and Retail Space listings you’re seeing online. NNN stands for Triple Net rent. In this type of commercial real estate rent, you pay the amount listed and you also have pay additional costs (usually Operating Expenses) on top of that.
What do you need to know about the NNN agreement?
A NNN Agreement (Non-disclosure, Non-use and Non-circumvention Agreement) is a contract that is used in China instead of a Western-style NDA (Non-Disclosure Agreement). It is a contract that you can send to prospective Chinese manufacturers prior to sending any details of your product, that will protect your intellectual property from being stolen.
What does it mean to pay nnn for office space?
For example: say the Office Space listing you’re interested in says the rent is $24.00 NNN per sqft/year. The $24.00 number is your Base Rent. That’s the minimum amount that you pay in rent just to lease the space. In addition to Base Rent, you will pay have to pay additional money to cover the Operating Expenses (or NNN or Triple Net Expenses).
What kind of expenses are included in NNN?
The NNN expenses usually include your proportionate share of the exterior maintenance of the building, property insurance and property taxes. They are usually quoted on a per square foot basis. Are There Any Other Expenses to Consider? The short answer is, yes.