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Commercial Real Estate Terms: What is a Net or Triple Net Lease?

April 26, 2017Commercial lease NET Real Estate terms triple

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Commercial Real Estate Terms: What is a Net or Triple Net Lease?

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A Net Lease or Triple Net Lease refers to the Tenant’s financial share of the operating expenses of the real estate. These type of leases are also referred to as NNN or Net-Net-Net or “hell or high water” leases. Generally the three “Nets” are made up of real estate taxes, insurance on the property and Common Area Maintenance charges (CAM).