Definitions for "TRIPLE-NET LEASE"
A lease in which the leasee pays expenses such as property taxes, insurance, and maintenance.
A net-net-net lease where, in addition to the stipulated rent, the lessee assumes payment of all expenses associated with the operation of the property. This contains both fixed expenses, such as taxes and insurance, and all operating expenses, including costs of maintenance and repair.
One in which the tenant is to pay all operating expenses of the property (prorated) in addition to base rent. Also referred to as Net-Net-Net Lease.
Keywords:  deed, trust, account
Trust Account Trust Deed