Commercial
The Single Net Lease (N): Risk vs. Reward
By Elizabeth Costabir2025-11-258 min read
Defining the "N"
In a Single Net Lease, the tenant pays the base rent plus the property taxes. This protects the landlord from the fluctuating land rates recently updated by various County Governments in 2025/2026.
While less hands-off than a Triple Net (NNN) lease, it offers a middle ground for landlords who want to maintain control over maintenance and insurance while offloading the tax burden.
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LeasingCommercialTax Strategy
Elizabeth Costabir
Senior Market Analyst at Murivest Realty Group with over 10 years of experience in commercial real estate investment and market research. Sarah specializes in identifying emerging market trends and investment opportunities in Nairobi's commercial property sector.