Definitions for "TRIPLE NET"
is a lease that includes on top of the basic rent, a share of the real property taxes, insurance, and maintenance. "Triple-net-leases' are standard in commercial property leases in shopping centers and malls. Usually done under a limited partnership, resulting in lower risk for investors.
Rental type in which the tenant pays rent to the landlord and additionally assumes all costs regarding the operation, taxes and maintenance of the premises and building.
A lease requiring the tenant to pay in addition to a fixed rental, the expenses of the property such as taxes, insurance, maintenance, utilities, cleaning etc. The terms "net net", "net net net", "triple net", are used.