Single-Tenant Net Lease (NNN) review

Single-tenant triple-net (NNN) commercial lease.

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8 document-specific checks
+ 124 general checks
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What it checks

Triple-net (NNN) cost allocation stated

Net lease must specify which expenses (real estate taxes, insurance, CAM / operating expenses) pass through to tenant.

Critical · RE-001

Real-estate-tax pass-through mechanics

Net lease should specify whether taxes are paid directly by tenant or reimbursed.

Warning · RE-002

Insurance requirements (liability + property)

NNN lease must specify tenant insurance: CGL with minimum limits, property insurance, waiver of subrogation.

Critical · RE-003

Maintenance and repair obligations

Single-tenant NNN puts maintenance / repair on tenant; landlord typically retains only structural / roof obligations.

Critical · RE-004

CAM / operating-expense audit right

Tenant should have a CAM / operating-expense audit right.

Warning · RE-005

Casualty and condemnation

Net lease must address damage / destruction and condemnation.

Critical · RE-006

Right to relet / mitigate damages on default

Landlord remedies should address relet / mitigation duty per state law.

Warning · RE-007

Holdover and surrender

Net lease should address holdover rent multiplier and surrender condition.

Warning · RE-008

Every run also applies 124 general checks that belong to any agreement: structure, parties and signatures, defined terms, cross-references, dates, amounts, and one-sided terms.

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