NNN Leases

[Dennis Holder]

I am seriously considering a NNN Lease property. These seam to be a no brainer, but does anyone own one or have any insights concerning these?

[A F]

I didn't read every word of this but I didn't see anyone explain what a NNN lease is. A NNN (a.k.a. triple net or absolute net) lease is one in which the tenant(s) pay their proportionate share of common area maintenance, taxes and insurance... here's the key... as defined in the lease. There is not one definition for a net lease. Be sure to read the lease very very carefully to ensure that it is made clear who is responsible for which expenses.

I've also noticed problems in the past with certain items not being addressed at all, example: If the roof leaks, who's responsible... you think you know, but prove it when there's a bill to pay. Basically, get an attorney to write/review the lease.