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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.).
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.
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
They tend to provide very stable rental income secured by a long-term lease, often triple net (NNN). That lease structure requires the tenant to cover a property's operating costs, including ...
Triple net lease is a term used in real estate to describe a property owner that leaves all of the expenses to its renters. Realty Income is a leader in this space. Natural Resource Partners uses ...
Moreover, it's a triple net lease REIT, which means its tenants are responsible for covering all of a property's real estate taxes, insurance, and maintenance fees.
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