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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Net lease types include single net, double net, and triple net leases, depending on the number of items they include. The term "net lease" is often used as a shorthand expression for any of these arrangements. The three most common expenses charged back are property taxes, insurance, and maintenance, often called the "three nets". [1] A triple ...
The REIT uses triple net leases, which means its tenants need to cover their own ... The REIT ended its latest quarter with an occupancy rate of 99.6% and a weighted-average lease term of 7.9 ...
In 1993, the company split from Golden Corral, and changed its name to Commercial Net Lease Realty. [2] The company also moved its listing to the New York Stock Exchange. [4] On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT. [5]
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In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
It happens to be the largest player in the triple net lease niche, with a market cap of about $50 billion and a portfolio of more than 15,400 properties. ... The best Walmart Black Friday 2024 ...
NNN Lease (triple net lease), a lease agreement in which the renter is responsible for paying property taxes, insurance, and maintenance charges No Nut November , an Internet challenge The "Disconnect" command code in Telex usage; by extension, "stop" in other uses
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