Single vs. Double vs. Triple Net Leases: What is the Difference?
A triple net lease (NNN) helps landlords reduce the risk of a commercial lease. A triple net lease is one of three types of net leases, a type of real estate lease where a tenant pays one or more additional expenses. Net leases generally include property taxes, property insurance premiums, or maintenance costs, and are often used in commercial real estate. In addition to triple net leases, the other types of net leases are single net leases and double net leases.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: MARY HALL
Original Article Posted on: Jan 1, 2021
Link to Original Article: https://www.investopedia.com/ask/answers/040115/what-are-differences-between-single-double-and-triplenet-leases.asp