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Triple net (NNN)

A lease structure in which the tenant pays base rent plus its pro-rata share of taxes, insurance, and operating expenses.

The "net" leases pass successive cost layers to the tenant: net (taxes), double net (taxes + insurance), triple net (taxes + insurance + maintenance). In practice, NNN leases vary widely in what is actually passed through, so the label alone means little without reviewing the CAM clause.

REAL

See how triple net (nnn) is handled across 2,236 leases.

REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.

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