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triple net lease

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Financial Dictionary

Triple Net Lease

A lease that designates the tenant as being solely responsible for all of the costs relating to the asset being leased. The costs could include any upgrades, utilities, repairs, etc.

Investopedia Commentary

In other words, if you lease a warehouse under a triple net lease, then you are responsible for paying utility bills, shoveling walks, cutting grass and so on.

Related Links

Uncovering Hidden Debt
To Rent or Buy? The Financial Issues - Part 1

See also: Expenses, Lease

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