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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Daniel Chisholm who wrote (1630)5/21/1999 8:29:00 AM
From: accountclosed  Read Replies (1) of 3536
 
the net's refer to expenses associated with operating the property.

1. real estate (and other) taxes
2. structural integrity of the building, i.e. foundation, walls, roof replacement
3. utilities, common area maintenance.

in a gross lease the landlord provides (pays for) the above list. a "net lease" would mean one of the above was provided by the tenant. a "net net lease" would mean two of the above were provided by the tenant. and a "triple net lease" would mean all of the above would be provided by the tenant. So the lease rate would be higher in a gross lease than in a net lease and so forth, all other things equal.
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