NNN Leases in Florida
A NNN Lease in Florida (otherwise known as a triple net lease) is a very popular choice among landlords, tenants and investors. These agreements are most often single-tenant commercial properties that are leased to tenants who have reliable credit. The NNN acronym stands for net, net, net and means it is the tenant’s duty to pay for property taxes, maintenance, insurance and other operational costs. In other words, the landlord has no responsibility for the operational costs of the property.
For those who are considering partaking in a NNN lease in Florida, you can rely on the knowledge of a professional at Calkain for advice and guidance.