A triple net lease (NNN) is a commercial real estate agreement where the tenant agrees to pay not only rent but also three additional costs: property insurance, property taxes, and maintenance. These expenses are in addition to the base rent and utilities. Triple net leases are commonly used in commercial properties, and they provide property managers with a steady revenue stream while shifting operating expenses to the tenant.

You can choose to record triple net charges in a couple of ways. You can either include the NNN charges as part of the recurring rent charge or have them as separate charges.

As stated above, triple net leases require multiple charges, which can include insurance, taxes, and maintenance. If these additional charges are the same each month, you can add them to the recurring rent charge as separate line items within the recurring rent schedule. You can add these while creating the lease or after the lease has been created by editing the recurring rent charge.

You can also opt to add these additional NNN charges as separate recurring charges. Again, you would only do this if the amount remained the same for each billing cycle. You can do so after a lease has been created, and these are added as regular recurring charges.

If part of the triple net lease charges are not fixed and are variable, such as with CAM charges, you would need to either charge this amount to the lease each month, or if they are CAM charges that are shared between multiple units, set up custom allocations for CAM charges and then issue these charges via the bulk charges feature.