What does the NNN stand for in accounting?
It is so named because each “N” represents a “net” – the actual cost – for three areas of operating expenses: property taxes, maintenance, and insurance. The NNN lease has also been making its way into the office market.
Why is a triple net lease called a NNN?
The NNN, typically referred to as a “triple net lease,” is the preferred lease structure among industrial, manufacturing retail pad sites, and retail landlords/owners. It is so named because each “N” represents a “net” – the actual cost – for three areas of operating expenses: property taxes, maintenance, and insurance.
What does NNN and operating expense reconciliation mean?
That’s why we are going to help you understand the true meaning of a NNN lease, what NNN operating reconciliation means to you, as well as how to minimize your out of pocket costs and get back to focusing on that 7 game World Series, winning your Fantasy League or booking your college football playoff destination.
Why do landlords use a NNN lease structure?
The NNN lease has also been making its way into the office market. Landlords prefer using a NNN lease structure because it provides them with a tailored profit structure, with the tenant or user 100% responsible for paying any operating expenses (NNN).
It is so named because each “N” represents a “net” – the actual cost – for three areas of operating expenses: property taxes, maintenance, and insurance. The NNN lease has also been making its way into the office market.
The NNN, typically referred to as a “triple net lease,” is the preferred lease structure among industrial, manufacturing retail pad sites, and retail landlords/owners. It is so named because each “N” represents a “net” – the actual cost – for three areas of operating expenses: property taxes, maintenance, and insurance.
What does NNN mean in a commercial real estate?
For example if you see a commercial space for lease quoted as $14 NNN. This means that in addition to the $14 sf yearly rate the Tenant is also responsible for paying the NNN (taxes, insurance, and maintenance fees).
That’s why we are going to help you understand the true meaning of a NNN lease, what NNN operating reconciliation means to you, as well as how to minimize your out of pocket costs and get back to focusing on that 7 game World Series, winning your Fantasy League or booking your college football playoff destination.