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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 freestanding buildings. In this lease, the "three nets" refer to property insurance, real estate taxes, and common area maintenance, which the tenant is responsible for paying. Expenses for these three nets are typically estimated for the year and included in monthly rent. At the end of the year, if costs are lower than estimated, the tenant receives a refund; if higher, the tenant pays the difference. Tenants often request that the amount for the triple net charges be capped. A free lease template is mentioned as part of the tutorial.