SIOR Practice Questions - Society Of Industrial And Office Realtors Designation Exam

What does the acronym NNN stand for in a commercial lease?

Triple net — tenant pays property taxes, insurance, and maintenance Net-net-net — three separate negotiation phases Non-negotiable net — fixed rent with no adjustments Nominal net note — a type of financing arrangement

Correct Answer:

Triple net — tenant pays property taxes, insurance, and maintenance

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