Triple Net Lease (NNN)
Accounting & Bookkeeping Glossary
Definition
A triple net lease requires the tenant to pay property taxes, insurance, and maintenance (the three 'nets') in addition to rent. From a bookkeeping perspective, you need to track these pass-through charges separately, bill them correctly, and reconcile them at year-end. It's a common commercial lease structure that adds complexity to property management accounting.
Related Terms
Related Articles
Property Management Accounting: Complete Financial Operations Guide (2026)
Complete guide to property management accounting — CAM reconciliation, owner distributions, security deposits, property-level tracking, and chart of accounts. For property managers managing 50+ units.
CAM Reconciliation Explained: A Property Manager’s Guide
Complete guide to CAM reconciliation for property managers. Step-by-step process, common errors, tenant dispute prevention, and software recommendations.
Need bookkeeping help?
Let Steph's Books handle your books so you can focus on running your business.