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A triple net lease is an agreement between a commercial property owner and tenant. The tenant is responsible for property insurance, real estate taxes, and common area maintenance. Costs of the three nets are estimated for the year and included in monthly rent. At the end of the year, any difference is either refunded or owed by the tenant. Most tenants request a cap on triple net expenses. Triple net leases are common in retail, industrial, and free-standing buildings. Total characters: 418