Full Definition
An absolute NNN lease is a triple net lease where the tenant bears 100% of property-related costs including roof replacement and structural repairs. This is distinct from a standard NNN where landlord may retain structural responsibility. Absolute NNN is the gold standard for passive investors.
Related Terms
NNN Lease (Triple Net Lease)
A commercial lease where the tenant pays property taxes, insurance, and maintenance on top of base rent — making the landlord's income almost entirely passive.
Double Net Lease (NN)
Lease where tenant pays taxes and insurance but landlord remains responsible for structural items like roof and HVAC replacement.