MLchartDataset catalogue

Triple net lease

Term · Law · MLC-T-LAW-004991

A commercial real estate lease agreement where the tenant is responsible for paying not only rent but also property taxes, building insurance, and maintenance costs. This arrangement shifts a substantial portion of the property's operating expenses from the landlord to the tenant. It is a common structure for single-tenant commercial properties.

Table 1. Record
IdentifierMLC-T-LAW-004991
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004991",
  "term": "Triple net lease",
  "field": "Law",
  "definition": "A commercial real estate lease agreement where the tenant is responsible for paying not only rent but also property taxes, building insurance, and maintenance costs. This arrangement shifts a substantial portion of the property's operating expenses from the landlord to the tenant. It is a common structure for single-tenant commercial properties.",
  "url": "https://mlchart.com/terminology/law/triple-net-lease/"
}

Record 5,101 of 5,441 in Law terminology (MLC-0107). Request the full dataset.