Properties with triple net leases, or triple N, offer landlords
several advantages, however the primary advantage is the
opportunity to receive a steady stream of income with minimal
management responsibilities for the property. This is because the
tenant is responsible for paying building maintenance, insurance
and real estate taxes. However, without proper due diligence of
each tenant, the landlord could end up paying for these costs and
lose their tenants.
Building Maintenance
The landlord benefits in a triple net lease by pushing the costs
to the tenant for monthly building maintenance. This not only
lessens the burden of the landlord, but could also provide a
damage-free property during the lease term. When the tenant is
responsible for their share of repairs and maintenance, there is
incentive to keep the property to avoid costly repairs. This
becomes a win-win situation for both parties as the landlord's
property will be well maintained and also provides a
