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What is the difference between a Gross lease vs. Triple Net lease?

April 26, 2017difference gross lease NET triple vs

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What is the difference between a Gross lease vs. Triple Net lease?

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In a nut shell, in a Gross lease the tenant does not pay the taxes and insurance — (hazard) on the property. In a Triple Net lease the tenant does pay these expenses. There are however, many variations of these leases that could make a significant difference in cash flow for owner and total expenses for tenant.