A triple net lease, commonly referred to as an NNN lease, is a type of real estate lease agreement where the tenant is ...

With a triple net lease, the tenant agrees to pay all expenses on a property — including real estate taxes, property insurance, and operating expenses — along with the cost of rent and utilities.

A modified gross lease is less inclusive. It includes the rent as well as a negotiated portion of the operating expenses, which is determined by the landlord. A triple net lease, often abbreviated ...