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In a Triple Net Lease, the tenant is responsible for the taxes, insurance, and maintenance, in addition to the lease payments, on a property.
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A triple net lease (most commonly used) or net lease requires the tenant to pay some or all of the property expenses which normally would be paid by the property owner who is also known as the Landlord.
A triple net lease is one in which the tenant pays all of the ongoing operating expenses. The landlord receives a net rent, because the tenant pays the property taxes, utilities, insurance premiums, maintenance and repairs.
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In United States real estate business, "net lease" is a term used for an arrangement in which the tenant or lessee is responsible for paying, in addition.
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We assist the Buyer with 1031 exchanges, and provide access to thousands of Net Leased Investment Properties located nationwide. In a triple-net lease (NNN),