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Create a PDF Triple Net Lease Agreement Template

Create a PDF Triple Net Lease Agreement Template

Aug 6th, 2022

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How to Create a PDF Triple Net Lease Agreement Template

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A triple net lease is a lease agreement between a commercial property owner or manager and a tenant, commonly used for retail, industrial, and standalone buildings. The term "triple net" refers to the tenant's responsibility for three key expenses: property insurance, real estate taxes, and common area maintenance. Typically, annual expenses for these three nets are estimated and included in the monthly rent. At the end of the year, if actual costs are lower than estimated, the tenant receives a refund; if they are higher, the tenant must pay the difference. Most tenants often request to cap the triple net amount to control potential costs.

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