triple net lease

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triple net lease

n. a lease in which the lessee's (tenant's) rent includes a share of real property taxes, insurance and maintenance as well as the basic rent. A "triple-net-lease" is standard in leases of commercial property in shopping centers and malls. (See: rent, lease)

References in periodicals archive ?
Properties with triple-net leases can be quite attractive to real estate investors, but they aren't as straightforward as they might seem.
The company is one of the largest owners of commercial retail properties diversified by industry, geographic location and operated under triple-net lease agreements.
The theater opened on November 22, 2006 and is leased under a long-term triple-net lease.
The 111,000 s/f facilities, located in Peoria, Illinois, will be leased under a 20-year, triple-net lease with two, ten-year renewal options.
Additionally, Fitch views positively the high cash flow visibility provided by the triple-net lease nature of a significant portion of HCP's portfolio.
The facility will be leased on an 18-year triple-net basis, with two five-year renewal options.
Realty Income is one of the largest owners of commercial retail properties diversified by industry, geographic location, and operated under triple-net lease agreements.
Entertainment Properties provided a total Real Estate Financing solution for the Grand 14 theatre project from the initial land purchase, construction finance, and execution of a long-term triple-net Lease.
The combination of CNL, USRP, and the Income Funds will create the nation's largest triple-net lessor to the franchise restaurant industry.
Realty Income is one of the largest owners of commercial retail properties diversified by industry and geographic location and operated under triple-net lease agreements.
The properties were sold subject to long-term, triple-net leases with Kmart Corporation.