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Triple-Net
(redirected from Triple-Net Leases)

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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.


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The company purchases the properties and enters into long-term triple-net leases with local, regional and national operators.
The properties were sold subject to long-term, triple-net leases with Kmart Corporation.
The collateral for the notes consists of 94 commercial real estate properties operated predominately as automotive dealerships that are leased to tenants according to triple-net leases, the leases, and the associated lease payments.
 
 
 
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