Paid by Tenants of Triple Net Leased Properties
For a NNN lease, the tenant is responsible for paying the three key costs related to commercial real estate ownership. The three N’s (Net-Net-Net) represent these expenditures.
This is the jurisdictional charge that must be paid on behalf of a property. The tax is levied by the principal authority of the area where the property is situated.
Commercial business property insurance safeguards companies from problems small or large that incur financial losses. These rates vary between property and provider.
Common Area Maintenance
This is a supplementary charge, primarily comprised of routine maintenance fees for labor performed on the property.
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