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whether youre looking to lease or invest in commercial real estate youve probably run across the term triple net but what does that actually mean commercial real estate is so full of its own jargon that it can be difficult to keep up with when youre new to the game so heres our complete guide on everything you need to know about triple net first what does triple net mean triple net often abbreviated as nnn is a type of lead structure where the tenant or wessee agrees to pay the additional expenses related to the operations of the property which can include common area maintenance property taxes and building insurance these additional expenses each of which is one of the three nets are often referred to as additional rent this additional rent is most commonly paid on a monthly basis with the base rent the triple net style of lease is most commonly found in retail real estate but can be utilized in industrial and office leasing as well there are several different types of net leases
