Triple-Net


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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.
References in periodicals archive ?
Under a triple-net lease, the tenant assumes responsibility of the property's ongoing operating costs (taxes, insurance, maintenance) in exchange for a long-term lease.
In a sale/lease-back transaction, the retail chain sells its retail property and agrees to lease it back, very often under a long term, triple-net lease.
Entertainment Properties Trust provided a total real estate financing solution for the City Place 14 project including the initial land purchase, construction finance and execution of a long-term triple-net lease.
The facilities, located in Oceanside, California and Concordville, Pennsylvania, total 161,000 s/f and will be leased under a 20-year, triple-net lease with two, ten-year renewal options.
Overall, the healthcare industry is more stable today, and operators in each of HCP's triple-net business segments are benefiting from the improved operating and financing environment.
The Hattiesburg Grand Theatre 14 is leased to Southern Theatres under a 20-year, triple-net lease.
30, 2004, the Income Funds' investments consisted of 496 triple-net leased restaurant properties to 60 different quick service and casual dining restaurant concepts.
In a sale-leaseback transaction, the retail chain sells its retail property and agrees to lease it back, very often under a long term triple-net lease.
A triple-net lease allows the tenant/user long-term operating control of the property as well as the responsibility for payment of taxes, capital improvements, maintenance and repairs.
The Company acquires single-tenant corporate and industrial properties and leases them back to the tenant often under a triple-net lease lasting 15-20 years.
CNL's delinquency rates for both its triple-net leased and loan portfolios show a sharp decline from peak 2001 levels.
In a sale leaseback transaction, the retail chain sells its retail property and agrees to lease it back, very often under a long term triple-net lease.