name triple-net-lease description Drafts U.S. triple net (NNN) commercial lease agreements allocating taxes, insurance, and maintenance to the tenant. Trigger when the user needs an NNN lease, net lease agreement, or commercial lease with triple net expense structure. tags ["agreement","drafting","transactional"]
Triple Net Lease (NNN)
Produces a transaction-ready NNN commercial lease with precise expense allocation, remedies, and execution mechanics.
Prerequisites
Collect before drafting:
Parties — legal names, entity types, formation states, authorized signatories.Premises — address, suite/unit, RSF (BOMA standard), legal description, APN, parking/common-area rights.Term Sheet / LOI — rent schedule, escalations, TI allowance, concessions, renewal/expansion options.Property Context — single- vs multi-tenant; CAM structure; CC&Rs; exclusive-use limits.Use & Compliance — permitted use, zoning confirmation, licensing, ADA allocation.Insurance Targets — coverages, limits, carrier ratings (A.M. Best), additional insureds.Finance / Title — lender requirements, SNDA, subordination expectations.Exhibits — site plan, rules/CAM, work letter, estoppel form, SNDA form.
Quick Start
Complete the deal intake table below — flag any gaps before drafting.
Assemble clauses in the prescribed draft order.
Populate the maintenance matrix and insurance schedule.
Fill default/cure periods per jurisdiction.
Run the pre-execution checklist before circulating.
Deal Intake Table
Field Required Detail Source Parties Names, entity type, formation state, signatories Formation docs, LOI Premises Address, suite, RSF, legal description, APN Title, survey, deed Term Commencement trigger, expiration, options LOI Base Rent Annual/monthly, payment method, proration LOI Escalations Fixed %, CPI index/base, FMV process LOI Concessions Free rent, TI allowance, recapture LOI NNN Taxes, insurance, maintenance, CAM LOI Use Permitted use, prohibited uses LOI Alterations Consent standard, ownership, restoration LOI Assignment Consent standard, recapture, liability LOI Defaults Notice/cure, remedies, mitigation Jurisdiction Exhibits List and status Deal file
Draft Assembly Order
Definitions and premises
Term and rent schedule
NNN expenses and reconciliation
Maintenance matrix
Use, compliance, and alterations
Transfers and subletting
Insurance and risk allocation
Defaults and remedies
Miscellaneous / boilerplate
Exhibits and signature blocks
Core Clause Checklist
Premises — legal description; RSF standard; parking and signage rightsTerm — commencement trigger; delivery condition; commencement certificateBase Rent — due date, method, proration formulaEscalations — fixed/CPI/FMV; caps/floors; process timelineNNN Expenses — taxes, insurance, maintenance; pay-direct vs reimburseCAM — allocation formula, exclusions, audit rights, reconciliation timingInsurance — coverages, limits, carrier rating, additional-insured language, certificatesMaintenance — tenant vs landlord responsibilities; capital itemsUse / Compliance — permitted use; zoning; permits; ADA allocationAlterations — consent standard; contractor requirements; ownershipAssignment / Subletting — consent standard; criteria; recapture; profit splitDefault / Remedies — notice/cure; mitigation; fees; acceleration limitsIndemnity — carve-outs for landlord negligence where requiredCasualty / Condemnation — rent abatement; termination rightsSNDA / Attornment — lender protections and non-disturbanceNotices — methods, deemed receipt, address changesExecution — authority, notary/witness if required
Maintenance Responsibility Matrix
Insert as exhibit or inline section. Assign each item to tenant or landlord.
Item Tenant Landlord Notes Roof ☐ ☐ Caps or thresholds? Foundation ☐ ☐ Structural only Exterior walls ☐ ☐ Load-bearing? HVAC ☐ ☐ Service contract required Plumbing ☐ ☐ Serving premises Electrical ☐ ☐ Panels, lighting Interior ☐ ☐ Floors, walls, finishes Parking / Drive ☐ ☐ If exclusive
Insurance Schedule
Coverage Limits Additional Insureds Notes CGL $___ per occ / $___ agg Landlord, lender Primary / noncontributory Property Replacement cost Loss payee as needed Tenant property / TI Umbrella $___ Landlord, lender If required Workers' Comp Statutory N/A If employees Special Liquor / pollution / prof As needed Use-specific
Default and Cure Framework
Monetary default : ___ days after written notice.Non-monetary default : ___ days after written notice; extendable if cure commenced and diligently pursued.Repeat default : no cure for repeated defaults within ___ months.Remedies : termination, re-entry, reletting, damages, costs, fees, interest at max lawful rate.Mitigation : include or exclude per jurisdiction.
Standard Exhibits
A — Legal description
B — Site plan / premises plan
C — Rules and regulations / CAM detail
D — Work letter / TI specs
E — Estoppel certificate form
F — SNDA form
G — Rent schedule / escalation grid
Pre-Execution Checklist
Pitfalls
Use specific permitted-use language ; avoid vague "retail/office" unless intentional.
Confirm statutory notice/cure periods and mitigation duties in the property's state.
Jury trial waivers require conspicuous formatting and local enforceability review.
Do not draft indemnity that violates anti-indemnity statutes (landlord negligence carve-outs).
Late-payment interest must not exceed the maximum lawful rate for the jurisdiction.
In multi-tenant properties, exclude capital improvements from CAM unless amortized.
Clarify tax appeal rights and allocation of savings/costs.
If term exceeds local recordation thresholds, include a recording memorandum with notary requirements.
Run a defined-term audit — verify all definitions and cross-references are consistent.
