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The kind of tenant agreement in place on a commercial property for lease is an important consideration for an investor. There are a variety of different lease options available on commercial properties, including gross, net, triple net, and absolute NNN leases, which all may have specifications or variations unique to that lease/lessor agreement.
Double net (NN) lease: in the double net lease, the renter is responsible for paying for the building insurance as well as property taxes; Triple net (NNN) Triple net leases: triple net leases require the lessee to pay for building maintenance, property taxes and insurance. These leases command the highest property prices, as a class, and can Understanding Single, Double, and Triple Net Leases
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