T
A lease structure requiring the tenant to pay base rent plus its share of taxes, insurance and operating expenses.
A triple net lease, commonly called an NNN lease, generally requires the tenant to pay base rent plus its share of property taxes, insurance and operating expenses. The exact allocation, exclusions and reconciliation process depend on the lease.
Even in an NNN structure, not every property cost is necessarily recoverable from the tenant. REAL evaluates actual charges against the governing lease terms.
REAL
REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.