Standard industrial commercial single tenant lease net form 2025

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Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along in the form of insurance payments. The landlord is still held responsible for structural maintenance expenses. Each month, the landlord receives the base rent plus the additional payments.
Single Net Lease: When a tenant signs a single net lease, they pay one of the three expense categories. Double Net Lease: Tenants who have a double net lease pay two of the three expense categories. These leases are also called net-net leases.
Single tenant property is property that is fully occupied by a single user.
A single net lease is a lease agreement where the tenant pays for property taxes in addition to rent. In a single net lease agreement, the landlord is responsible for all other property-related expenses, including insurance, maintenance, and repairs.
Also known as a net-net-net lease, an NNN agreement or triple net lease means the tenant pays rent and all additional expenses. A triple net lease example is a tenant who pays for the taxes, insurance premiums and maintenance for the property.

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What Is a Single Net Lease? A single net lease is a commercial real estate lease agreement in which the tenant agrees to pay property taxes in addition to rent. A single net lease is a form of pass-through lease in which taxes associated with the property become the responsibility of the tenant instead of the landlord.

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