In this article, you'll learn:

• What a triple net (NNN) lease is and how it impacts tenants' responsibilities.
• What costs are typically covered and excluded in a true NNN lease.
• Why landlords prefer triple net leases due to reduced financial risks.
• The challenges and potential risks for tenants entering into a triple net lease.

Commercial leasing lingo is rife with terms that can be confusing but understanding them is essential. A triple net or NNN lease is one such term. A type of lease structure, the triple net lease is commonly employed; however, many people have misconceptions about them. Read on to learn the facts about triple net leases, so that you can properly prepare for the leasing process.