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triple-net lease

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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.

triple-net lease

A lease that requires the tenant to pay all costs and expenses associated with ownership of the property,including taxes,insurance,repairs,and maintenance. Contrast with gross lease.



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Owners of low-cost properties can make a nearly 10 percent annual return for their money if they buy a property under a triple-net lease scenario, said Marilyn Kane, managing director at Sperry Van Ness/Butler Kane, one of six speakers on a panel organized by the real estate-focused NYC Network Group.
Best Buy has a long-term triple-net lease on the approximately 45,231-square-foot building, which is located on a 4.
The rating action also takes into consideration that EBITDARM coverage in Ventas's triple-net lease seniors housing portfolio was 1.
 
 
 
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