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Net Leases |
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What is the difference between net, net-net, and triple net when talking about commercial leases? |
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The terms are used pretty much interchangeably. Most often, a net lease is one in which the tenant pays some of the landlord's costs. With a net-net lease, the tenant usually pays property taxes and insurance on the building. With a triple net, the tenant pays property taxes, insurance, and also maintenance, just about everything except the landlord's mortgage. |
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Edith
Originally published on February 12, 2008 |
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