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Triple Net Lease Basics

If you own commercial real estate, a Triple Net Lease is a way to make sure your tenants cover all the expenses associated with owning and operating the property. Each "Net" refers to another type of expense, which typically include property taxes, insurance, maintenance, repairs, utilities and other items.

Use the Triple Net Lease document if:

  • Own commercial property that will be leased to a tenant.
  • Want to lease commercial rental property from a landlord who does not have a lease form.

Other names for a Triple Net Lease:

Net-Net-Net Lease (NNN).

Types of Triple Net Leases:

Typically used for free standing commercial buildings but may also be used for single-family residential rental real estate.

Information needed for creating a Triple Net Lease:

You'll need to have some information at the ready to create your Triple Net Lease, but most of it you probably know off hand. We'll guide you through the process with our step-by-step process so all you'll have to do is answer a few simple questions. Here are some of the key provisions in a Triple Net Lease:

Optional terms for your Triple Net Lease:

You'll need to have some information at the ready to create your Triple Net Lease but most of it you probably know off hand. We'll guide you through the process with our step-by-step process so all you'll have to do is answer a few simple questions. Here are some of the key provisions in a Triple Net Lease:

Notes about automatic lease renewal in your Triple Net Lease:

Often, a landlord and tenant will agree that their lease will automatically renew unless there is advance, written notice to the landlord. A few things to keep in mind:


Sample Triple Net Lease

More than just a template, our step-by-step interview process makes it easy to create a Triple Net Lease.

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