Apex Equities

Understanding the Differences: N, NN, and NNN Leases

When it comes to commercial real estate, lease structures matter. Here's a quick breakdown:

🔹 N Lease (Single Net): The tenant pays property taxes, while the landlord covers all other operating expenses.

🔹 NN Lease (Double Net): The tenant is responsible for property taxes and insurance premiums, with the landlord covering maintenance costs.

🔹 NNN Lease (Triple Net): The tenant takes on property taxes, insurance, and maintenance, making it a more hands-off investment for the landlord.

Each lease type offers different levels of risk and responsibility.