| 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:
- 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 |
