Which charges are included in a NNN lease that are not included in a NN lease?

In a NNN lease, or Triple Net lease, the tenant is responsible for paying not only the base rent but also three additional categories of expenses: property taxes, insurance, and maintenance costs. This contrasts with a NN lease, or Double Net lease, where the tenant typically covers property taxes and insurance, but the landlord remains responsible for maintenance.

In this context, repair and maintenance costs are included in the tenant's responsibilities within a NNN lease, which distinguishes it from a NN lease. When a tenant enters into a NNN lease, they agree to handle all expenses related to the property, including upkeep and repairs. This allows the landlord to have a more predictable income stream without encumbering the property with maintenance obligations, which often can be unpredictable and vary in cost. Thus, understanding that repair and maintenance are key components that differentiate a NNN from a NN lease is crucial for anyone studying or working in property management.