lease-agreement
Triple Net (NNN) Lease Agreement Template
Use our free Triple Net (NNN) Lease Agreement template to lease commercial property where the tenant pays base rent plus property taxes, insurance, and operating expenses. Customize, download, and print in minutes.
TRIPLE NET (NNN) LEASE AGREEMENT TEMPLATE FAQ
What is a Triple Net (NNN) Lease Agreement?
A Triple Net (NNN) Lease Agreement is a commercial lease where the tenant pays base rent plus most or all operating costs of the property, usually including property taxes, insurance, and common area or building operating expenses, in addition to utilities and other charges.
Who typically uses a triple net lease?
Triple net leases are commonly used for commercial properties such as retail units, office space, warehouses, and single-tenant buildings. They allow landlords to pass through many operating costs while giving tenants more direct control over the condition and use of the premises.
What costs does a tenant usually pay under an NNN lease?
Under an NNN lease, the tenant generally pays base rent plus a share of property taxes, property insurance, and common area maintenance or operating expenses (often called “CAM”), along with utilities for the leased premises. The exact list of pass-through costs should be clearly described in the lease.
What should a Triple Net (NNN) Lease Agreement include?
A clear NNN lease should include: landlord and tenant details, a description of the premises, term and renewal options, base rent, how NNN charges are calculated and billed, maintenance and repair responsibilities, insurance requirements, default and remedies, and signature blocks.
Is every NNN lease “absolute” with no landlord responsibilities?
No. Some triple net leases require the tenant to pay nearly all costs, while others still keep some structural or major capital responsibilities with the landlord. The lease should precisely allocate who is responsible for which costs and repairs.
Can AI Lawyer help me customize this Triple Net (NNN) Lease Agreement?
Yes. AI Lawyer can help you adapt this Triple Net (NNN) Lease Agreement template with your property details, rent amount, NNN cost allocation, and specific business terms so you have a structured document ready for review and signature.