As you consider leasing commercial office space, you will likely encounter the term “triple net lease” or “NNN.” This type of agreement can markedly impact your business’s bottom line and operational responsibilities. While it may offer lower base rents, the additional costs and management duties can be substantial. Before you sign on the dotted line, it is essential to understand the intricacies of NNN leases, their potential benefits, and hidden pitfalls. Are you prepared to take on the role of property manager along with your business operations? The answer may not be as straightforward as you think.
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