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NNN - Triple Net Lease Agreement is is a lease agreement that designates the tenant as being entirely responsible for all of the costs relating to the asset being leased in the lease. The tenant has to pay the net amount of three types of costs which how this term got its name. The three types include the net real estate taxes on the leased asset, the net building insurance, and the net common area maintenance.

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NNN - Triple Net Lease Agreement
Free Forms By OnSitePropertyManager.com
THIS LEASE AGREEMENT made and entered into this ____ day of ______________, by and between
________________________________________________________(hereinafter referred to as
"Landlord"), and ____________________________________ (hereinafter referred to as "Tenant").
W I T N E S S E T H :
WHEREAS, Landlord is the fee simple owner of certain real property located in
______________________________________ such real property having a street address of
___________________________________________________________________;
WHEREAS, Landlord is desirous of leasing the premises (the "Building"), together with the parking areas,
landscaping, walkways and other improvements related to the Building to Tenant, and Tenant is desirous
of leasing said premises from Landlord, on the terms and conditions stated below;
THEREFORE, IN CONSIDERATION OF THE COVENANTS AND OBLIGATIONS contained herein
and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto agree as follows:
TERM OF LEASE
SECTION 1: TERM. The term of this Lease is an annual lease commencing on
_____________________________ and ending at 12 o'clock midnight on
__________________________.
RENT
SECTION 1: BASE RENT. On the first day of each calendar month during the Lease Term, Tenant will
pay to Landlord the Base Rent, plus applicable sales or use tax thereon, in equal monthly installments, in
lawful money of the United States, in advance and without offset, deduction prior notice or demand. The
Base Rent is payable at Landlord's Rent Payment Address of
_______________________________________________________, or at such other place or to such
other person as Landlord may designate in writing from time to time. Payments of Base Rent for any
partial calendar month will be prorated.
SECTION 2: ADDITIONAL RENT. All sums payable by Tenant under this Lease other than Base Rent
are "Additional Rent"; the term "Rent" includes both Base Rent and Additional Rent. Landlord will
estimate in advance and charge to Tenant the following costs ("Total Operating Costs"), which Tenant
NNN - Triple Net Lease Agreement
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