triple net lease

Isaac Kremer/ July 2, 2025/ / 0 comments

Abbreviation NNN. A lease agreement in which the tenant pays taxes, maintenance, property insurance, and all operating costs associated with the tenant’s occupancy of the space including their personal property taxes, janitorial service, and utility costs; landlords are typically responsible for roof, HVAC, structure/building envelope, and parking lot. (Davis, 2025)

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IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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