Triple Net Lease • How it Works

Curious about Triple Net Leases and how they work?

There are Three "Nets" on a property:
Estate taxes, building insurance, and maintenance.
These are in addition to any normal fees (Rent, Utilities, etc)

In such a lease, the lessee
is responsible for all costs associated
with the repair and maintenance
of any common area.

This form of lease
is most frequently used
for commercial freestanding buildings.