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Triple Net Lease Transfer Cost Calculator

NNN lease transfers require careful legal structuring and lender approval.

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Total transfer cost

$36,500

Cost as % of lease

0.004%

Due diligence subtotal

$28,500

How the math works

Total = attorney + lender consent + estoppel.

$25k + $8k + $3.5k = $36.5k. 0.43% of lease NPV. Common closing expense.

How to Use

  1. Enter lease value.
  2. Enter attorney fees.
  3. Enter lender consent fee.
  4. Enter estoppel cost.
  5. Read total transfer cost.

Frequently Asked Questions

Transfer scenarios?

Sale of landlord's interest: straightforward, tenant relationship continues. Sale of tenant's interest (sublease): complex, landlord consent. M&A of tenant (assignment): major process. Each has different complexity and cost.

Legal complexity?

Standard assignment: $10-30k attorney fees. Complex (credit tenant, multiple properties): $50-200k. Multi-tenant transfers: $75-300k. Due diligence and contract negotiation drives cost. Establish relationships with NNN-specialized counsel.

Lender approval?

Required in most CMBS loans. $2.5-15k processing fee. 30-60 day review. May require tenant financial review, guarantor consent, updated financials. Start 90 days before target close.

What documentation matters here?

Written leases, move-in/move-out inspections with photographs, ledger entries showing every payment and charge, served notices with proof of service, and contemporaneous emails or texts. Courts weigh written evidence heavily; informal understandings rarely stand. Institutional operators run a monthly file audit to catch gaps before they matter. Good paper trails recover most of what's owed.

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