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What is a Triple Net Lease?

A Triple Net Lease (NNN) shifts responsibility for property taxes, insurance, and maintenance to the occupant, reducing owner expenses.

Key Points:

  • Lower Base Rent: Occupants cover additional costs.
  • Popular in Commercial Use: Common in retail or office spaces.
  • Long-Term Commitment: Leases often extend for years.
  • Predictable Costs: Owners have minimal financial burdens.

Triple Net Leases benefit owners seeking steady income with limited oversight.

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