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For United States commercial real estate, normally the landlord, rather than the tenant, is 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. As the rent collected under a net lease is "net" after expenses are passed through to tenants to be paid, the tends to be lower than rent charged under a gross lease.

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  • NNN lease (en)
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  • For United States commercial real estate, normally the landlord, rather than the tenant, is 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. As the rent collected under a net lease is "net" after expenses are passed through to tenants to be paid, the tends to be lower than rent charged under a gross lease. (en)
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  • For United States commercial real estate, normally the landlord, rather than the tenant, is 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. As the rent collected under a net lease is "net" after expenses are passed through to tenants to be paid, the tends to be lower than rent charged under a gross lease. 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". A triple net lease that includes the three nets is particularly common and is often abbreviated in writing as "NNN lease" but is still pronounced as "triple net lease". (en)
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