NNN Leases v. Absolute Net Leases
Structuring commercial real estate investment sales I have found that there is a wide range of disagreement regarding how sellers of property refer to the leases on the properties that they are selling. I have also found that many investors expectations regarding how leases are identified are varied. There are many types of leases including gross leases, full-service leases, modified-gross lease, net leases, NN leases NNN leases, absolute net leases, etc and many of these leases mean different things to different people. Most often I see confusion in relation to NNN leases and absolute net leases. I thought that it may be helpful to discuss these two types of leases in detail. First let me start with the definitions:
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Comments (1)
good explanation. Most people don't realize this until they pay an attorney or its too late.
Kevin Kaczmarek, almost 14 years ago