triple-net-lease

name	triple-net-lease
title	Triple Net Lease (NNN)
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.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/triple-net-lease
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	real-estate
language	en
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:

1. Parties — legal names, entity types, formation states, authorized signatories.
2. Premises — address, suite/unit, RSF (BOMA standard), legal description, APN, parking/common-area rights.
3. Term Sheet / LOI — rent schedule, escalations, TI allowance, concessions, renewal/expansion options.
4. Property Context — single- vs multi-tenant; CAM structure; CC&Rs; exclusive-use limits.
5. Use & Compliance — permitted use, zoning confirmation, licensing, ADA allocation.
6. Insurance Targets — coverages, limits, carrier ratings (A.M. Best), additional insureds.
7. Finance / Title — lender requirements, SNDA, subordination expectations.
8. Exhibits — site plan, rules/CAM, work letter, estoppel form, SNDA form.

Quick Start

1. Complete the deal intake table below — flag any gaps before drafting.
2. Assemble clauses in the prescribed draft order.
3. Populate the maintenance matrix and insurance schedule.
4. Fill default/cure periods per jurisdiction.
5. 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