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A full service gross lease typically has one rate for the space that includes all of the expenses of the space such as taxes, insurance, maintenance and utilities.

A NNN or triple net lease listing states the base lease rate for the space and then will charge a NNN fee or CAM (Common Area Maintenance) charges on top of the base rate.

Unfortunately, the terminology does not accurately describe the full situation and the common interpretation to the terms Gross, NNN and CAM are very broad.

You will need to review the lease to determine what expenses the tenant is required to pay. Here are some commonly used lease terms: Gross Lease: The tenant pays a set sum or “gross” amount for rent and the landlord pays all real estate expenses.

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