Leasing · Broker Checklist
NNN (Net Lease) Review Checklist
Two NNN deals can show the same cap rate and be worlds apart. The difference is in the lease document and the tenant behind it. This checklist walks the clauses that matter — what the tenant actually pays, who carries roof and structure, how rent grows, and how strong the guarantee really is — so you can price the lease, not just the building.
Pro Tip
"NNN" is a spectrum, not a guarantee. Always confirm whether roof, structure, and parking-lot replacement are the tenant's or the landlord's — a "NN" deal dressed up as "NNN" changes your real yield.
1. Lease Structure
0/42. Rent & Escalations
0/53. Term & Options
0/54. Tenant Credit & Guarantee
0/55. Deal-Killers to Catch
0/4Go deeper — free course
This resource is distilled from the MaxLife Academy CRE curriculum. The full lesson walks through every point with examples and the reasoning behind it.
Course 13 — NNN & Net Lease Investing→Pair it with a tool
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Working a live deal in Central Florida?
Ryan Solberg runs this exact process on every MaxLife transaction. Bring a deal — co-broke it, get a second set of eyes on your underwriting, or hand off the heavy lifting.