Understanding Triple Net Lease in Commercial Real Estate What is a Triple Net Lease? A triple net lease, also known as ‘triple N’, ‘NNN lease’ or ‘net-net-net lease’, is a form of real estate lease agreement where the tenant is responsible for all the operating expenses associated with maintaining the property being leased, in addition to the rent. Traditionally, building owners are the ones who are responsible for insuring parts of the building
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