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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
The term "Net Lease" is tossed around loosely in the net lease industry, often used when referring to a triple or double net lease; [citation needed] however, there is a definite distinction between a triple net and a double net lease even though some brokers erroneously use the term "Net Lease" to describe both. Double net leased investments ...
Credit tenant lease loans are typically coterminous (i.e., ending at the same time) as the lease itself. [2] Occasionally, credit tenant leases are arranged as double net leases , which can increase cash on cash returns for a landlord, but will increase their overall risk, especially as a property grows older.
As of June 30, 2024, approximately 93.2% of FrontView’s leases were triple net leases. This favorable lease structure means that the tenant pays not just the rent but also utilities, insurance ...
The property is subject to a double net lease with 7-Eleven, the original term of which expires in December 2029 (with four, five-year renewal options and together with the Original Term)). [citation needed] On April 23, 2018 Voltari acquired a real estate property in Columbia, South Carolina. The property is subject to a triple net lease with ...
"N" stands for "Net", is pronounced "Single Net" and represents the property tax expense, which the tenant is responsible for paying in addition to operating expenses, in a single net lease. Unlike double and triple net leases, the landlord/lessor remains responsible for paying any insurance and maintenance expenses (i.e. in a single net lease ...