The term "Triple Net" or "NNN" is commonly used in leasing to indicate that the tenant is responsible for paying their share of property taxes, insurance, and maintenance. However, the specifics can vary widely and are not always as straightforward as they seem.

For instance, who covers the cost of property management, major repairs, or the replacement and depreciation of mechanical equipment? These details are not always included in the general definition of "Triple Net" and can depend on the terms outlined in the lease.

To truly understand the responsibilities of both the landlord and tenant, it's crucial to carefully review the lease agreement. The fine print will clarify which party is responsible for additional expenses beyond taxes, insurance, and maintenance.

Investit Academy's online commercial real estate education and training is an excellent way to sharpen your commercial skills. You can learn about Triple Net, investment and lease analysis, land valuations, and more. 

Visit their website and get started today!