NNN Lease Cheat Sheet
Decode triple-net leases with confidence. A practical guide to understanding NNN lease structures, expense categories, and what to negotiate before you sign.
What You’ll Learn
Expense Categories
Clear definitions of property taxes, insurance, CAM charges, and what's truly 'triple-net'.
Hidden Costs
Identify expense pass-throughs, capital reserves, and management fees that impact total occupancy cost.
Negotiation Points
Key lease terms worth negotiating: expense caps, audit rights, and controllable vs. uncontrollable costs.
Red Flags
Warning signs in NNN leases that could lead to unexpected expenses or unfavorable obligations.
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