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5 Costly Mistakes for NNN Lease Owners to Avoid

Management-free ownership may be the case for many NNN lease properties, but in some situations the fine print of the lease will add a few caveats that the inattentive landlordcan stumble over if he is not careful.

By Jonathan Hipp | Updated on February 28, 2013

The idea of managing a triple net (NNN) lease property probably doesn’t make sense to a lot of real estate investors. After all, the tenant has 100% responsibility for the maintenance of the property and the owner simply receives a check on the first of the month, right?

Management-free ownership may be the case for many NNN lease properties, but in some situations the fine print of the lease will add a few caveats that the inattentive landlordcan stumble over if he is not careful.When confronted with such a lease, an owner needs to be aware of the issues that can hinder his ability to collect the full NOI that is due.

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