A: Hello there! Yes, typically a triple-net ("NNN") lease pushes all of the property (or portion thereof) expenses onto the tenant - essentially as if the tenant was the owner. This differs from a gross lease, where a tenant pays rent only (therefore, the tenant can more accurately predict annual costs). In a NNN lease, it is important for a tenant to (at minimum) be able to estimate how much the NNN expenses will be prior to executing the lease. If a NNN lease is the only option, there are many ways the lease can be revised to mitigate risk for the tenant. I’d be happy to review the lease and suggest such revisions. Thank you!
A: Hello there! Great question. The lease should discuss early termination options, if any. I'd be happy to review the lease for you and confirm this. Have a great day!
