A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
What is the difference between CAM and NNN?
When seeking NNN properties for sale or a commercial retail outlet lease, it is vital to understand how CAM differs from NNN. CAM is an acronym for Common Area Maintenance, while NNN features three nets, including CAM, property tax, and insurance.
What is the difference between NNN and triple net lease?
What does OpEx mean in real estate?
What Is an Operating Expense in Commercial Real Estate? Operating expenditures, often abbreviated as OpEx, are ongoing costs incurred in the everyday business operations of a commercial property. These expenses can include utilities, wages, maintenance, repairs, marketing, accounting, and legal fees.
What is the downside of a triple net lease?
The main disadvantage of a triple net lease in commercial real estate is the higher monthly costs as opposed to those in double or single net lease structures.
How do you start a zero in real estate?
- REITs. There are numerous advantages to investing in REITs.
- Microloans. A plethora of new financing options have opened the market for new real estate businesses to profit.
- Property lease options.
- Seller Financing.