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Triple-Net
(redirected from Triple Net)

    Also found in: Acronyms 0.03 sec.
Triple-Net
A lease in which the tenant is responsible for costs in addition to rent. The tenant is responsible for net property taxes, net insurance, and net maintenance for the duration of the lease, which is the origin of the name. Because the tenant is responsible for costs that the lessor would otherwise pay, rent on a triple-net lease is usually lower than on other leases.
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When leasing a Miami commercial real estate property, there are several types of lease you should know about: Triple Net (NNN), Double Net, Net, Fully Serviced, Gross, Percentage/Percentage Rent, Sublease, and Rentable Square Feet.
Three Important Questions when Negotiating Miami Commercial Real ... by Mark Michael Ferrer / Real estate industry community
Currently, 696 West Avenue has a 17,000 s/f, 25-year triple net lease with CVS and a 5,000 s/f double net lease with ShoeMart.
CBRE team selling Norwalk retail center by Real Estate Weekly
Whetstone had been paying rent but his lease expired in mid-2006, and the building's owner, Triple Net Properties LLC of Santa Ana, Calif.
Nip that bud rumor by Arkansas Business
 
 
 
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