Practical Law Glossary Item 1-502-4019 (Approx. 2 pages)
Glossary
Double Net Lease
Also known as net-net or NN. A net lease where the tenant typically pays:
Base rent.
Real property taxes.
Insurance costs.
The allocation of costs between the landlord and tenant may vary depending on the negotiated lease, but the landlord is typically responsible for all other operating expenses, including structural repairs and common area maintenance.