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welcome to building blocks today well be talking about triple net leases [Music] there are several types of commercial leases you might encounter if youre looking to rent space but one of the most common is the triple net lease knowing how a triple net lease is structured can help you navigate and budget for your next commercial space a net lease means the amount a tenant pays is net of or not including certain expenses so a tenant pays a base rent to their landlord and then in addition to that fee well also directly pay for their own building related expenses there are usually five specific operating expenses that youll be expected to pay for that are not included in your base rent these are utilities cleaning fees property taxes insurance premiums and common area maintenance charges a triple net lease is different from a full service or a gross lease in those leases a tenant pays one fixed amount to the landlord that covers all related expenses triple net leases have both benefit
