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Choose your Triple Net Lease Agreement from the New Document section in the top left corner and open it in our editor.
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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is $25 NNN?

$25 NNN refers to a lease where the tenant pays a base rent of $25 per square foot, in addition to the three NNN expenses: property taxes, insurance, and maintenance costs. These extra costs are typically passed on to the tenant.

What is the downside of a triple net lease?

Triple net leases, though popular in commercial real estate, arent without a few drawbacks. The main concern for a tenant is the higher monthly costs as opposed to those in double or single net lease structures.

What does $20 NNN mean?

NNN Triple Net This type of lease rate includes the base rental rate plus the three Ns. One N stands for property taxes, one for property insurance, and the final N stands for common area maintenance (CAMs).

What is a triple net lease example?

A triple net lease (triple-net or NNN) is a lease agreement on a property where the tenant promises to pay all expenses, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities. NNNs are one type of commercial property net lease.

How do you calculate NNN per square foot?

Calculating NNNs Triple nets are typically calculated by projecting the total amount of expenses for the coming year, dividing it by the total rentable square footage of the building, and then dividing that by 12. This calculation gives you a monthly dollar-per-square-foot amount to charge each tenant.

What does $35 NNN mean?

NNN stands for net, net, net. It means that the tenant pays most of the expenses. They pay the rent fees plus property taxes, property insurance, and CAM, or common area maintenance. The NNN fees are added onto the base rental fee, which is usually calculated as a dollar-per-square-foot number like $15.

How do you calculate triple net rent?

The monthly cost is represented by the figure you end up with. To calculate the triple net lease price for each tenant in your property, add this monthly cost total to the monthly rental rate per square foot and multiply this figure by the number of square feet of each tenants rents.

How do you calculate price per square foot on a lease?

How to Calculate Price Per Square Foot: A Step-by-Step Guide Determine the selling price of the property or the annual leasing price. Measure the total floor space of the property in square feet. Divide the price by the total floor space to get the price per square foot.

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Fill in image in the Triple Net Lease Agreement

Fill in image in Triple Net Lease Agreement in a wink with DocHub.

Follow this simple step-by-step guide to fill in image in Triple Net Lease Agreement effortlessly:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace