What is NNN and Gross Rent in Commercial Real Estate?
September 5th, 2012
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There are 2 different rent types in Commercial renting. NNN and Gross rent. NNN and Gross are terms used to describe the way that expenses for a property are split between landlords and tenants
In a NNN lease, the tenant (person leasing the property) is liable for the taxes, insurance, and CAM (Common Area Maintenance) expenses.
In a Gross Lease, the tenant pays a fixed amount of rent to the Landlord and has no other expenses to pay.
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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