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Real estate acronym nnn. “nnn” is an acronym for the term “triple net lease,” which is used in the real estate industry. Using our example above, say the commercial real estate agent tells you the nnn charges/expenses are $6.00 per square foot, per year. This means that the rent is $30 per square foot per year plus the nnn.

What is nnn meaning in accounting? A nnn lease is when the tenant typically pays a base rent plus an additional amount for property tax, insurance and maintenance costs. If you don't find the acronym you're looking for, you may want to try searching google by typing in the.

As an underlying commercial lease structure, the triple net lease has a condition. 10 rows what is nnn meaning in real estate? New search features acronym blog free tools acronymfinder.com.

Real estate acronyms please browse our alphabetized list of real estate acronyms. First, it’s not an acronym. (1) a development plan and/or written condition that, when offered by an owner and accepted by the county, becomes a legally binding part of the property in question.

Home loan, mortgage, personal finance. In real estate, nnn is an abbreviation for the phrase triple net lease. at its core, a triple net lease is a type of commercial lease structure that contains a provision saying that the. A nnn lease or triple net lease is one of the most common lease structures in commercial real estate.

The real estate industry is full of acronyms that can leave you surprised. Understanding triple net leases (nnn) in commercial real estate, a net lease is a lease in which the tenant is required to pay a portion, or all, of the taxes, fees, and maintenance. The estimated operating expenses (aka nnn) are $10 per square foot per year.