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May 31, 2019

Three Reasons to Consider a Property Condition Assessment with Your NNN Lease

By Aaron Kovan, LEED AP


In a triple-net lease, the owner and tenant each have a stake and a responsibility in maintaining the physical condition of a property. While a commercial lease defines these roles, interpreting and applying lease terms can be a messy business, particularly when it comes to property condition. Owners and operators alike can benefit from a tool that helps them understand the condition of a property and the cost of maintaining it within the framework of their lease agreement. A Property Condition Assessment (PCA) is designed to do just that.

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