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Rotate Pages Triple Net Lease Agreement

Rotate Pages Triple Net Lease Agreement

Aug 6th, 2022

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How to Rotate Pages Triple Net Lease Agreement

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A triple net lease is an 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 main expenses: property insurance, real estate taxes, and common area maintenance. These costs are typically estimated annually and included in the monthly rent. At the end of the year, if the actual costs are lower than estimated, the tenant receives a refund; if higher, they must pay the difference. Tenants often request a cap on the triple net amount to limit their expenses. A free lease template is also available.

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