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A triple net lease is a type of lease between a property owner and tenant commonly seen in retail, industrial, and free-standing buildings. The tenant is responsible for paying property insurance, real estate taxes, and common area maintenance. Costs of the three nets are estimated for the year and included in the monthly rent. If costs are lower, the tenant gets a refund; if higher, they owe the difference. Tenants often request the triple net amount to be capped.