There are several types of commercial real estate leases, one of the most common being a triple net lease (NNN). With a triple net lease, the tenant agrees to pay all expenses on a property — including real estate taxes, property insurance, and operating expenses — along with the cost of rent and utilities.
This means tenants are responsible for any repairs and maintenance, including trash removal, landscaping, parking lot maintenance, property management, etc. This also means the landlord is off the hook for any expenses related to the property.
