Refers to a type of lease a commercial tenant enters into in a retail, industrial or office property.  Triple net describes a type of tenancy in which the tenant pays  not only rent, but also pays for three other major expenses associated with the lease 1) property taxes, 2) insurance and 3) common area maintenance.  The rent amount in a triple net lease is always lower than in a gross lease, but the three additional charges may bring the total amount owed by the tenant up to a figure that is similar to an equivalent gross lease.  Also: Gross Lease

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