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Triple Net (NNN), Double Net (NN) and Gross Leases in Commercial Real Estate

Triple Net (NNN), Double Net (NN) and Gross Leases in Commercial Real Estate

A Gross lease is a type of lease wherein the landlord pays the property taxes, insurance, and maintenance (CAM). The tenant is only responsible for paying a flat fee as rent, the landlord will be responsible for all costs related to property ownership. When determining the rent, the landowner accounts for all the anticipated costs for the property and charges a flat fee that will cover the costs and cater to the required profit margin.