Which elements are covered under a net-net lease?

A net-net lease, often referred to as an NNN lease, is a lease structure whereby the tenant assumes certain additional expenses on top of the base rent. In a net-net lease, the tenant is typically responsible for two of the three net costs, which are property taxes and insurance premiums, along with paying the base rent.

This lease structure is designed to provide the property owner with a stable income while shifting some of the financial responsibilities associated with the property to the tenant. Thus, when considering what elements are covered under a net-net lease, it is accurate that it includes rent, taxes, and insurance premiums, making it the correct choice.

The responsibilities often included in such agreements are specifically outlined to minimize the owner's liability and risk associated with property management, allowing for a streamlined financial operation.