Triple net lease agreement. This lease is the only agreement between the parties pertaining to the lease of the premises. Sample triple net lease. A triple net lease agreement is different from traditional leases because the tenant is responsible for the real estate taxes property or building insurance and maintenance. Save sign print and download your document when you are done.
In a triple net lease the lessee agrees to pay all costs the property is subject to including real estate taxes insurance and maintenance costs. This triple net lease form template can function as an agreement contract and would be a great way of stating all the terms and conditions of the agreement in question. Triple net lease agreement. A triple net lease is sometimes referred to as a triple net or nnn agreement.
Commercial triple net lease sample. The triple net nnn commercial lease agreement is a real estate contract for non residential property between landlords and a business tenant. A triple net lease triple net or nnn is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property including real estate taxes building. The term triple net refers to the landlord covering most of the expenses on the property and that the monthly rent includes all fees related to property taxes insurance and common area maintenance cams on the property.
More than just a template our step by step interview process makes it easy to create a triple net lease. Any other attempted amendment will be void. Triple net commercial lease form. Landlord hereby leases to tenant and tenant hereby leases from landlord that certain property with the improvements thereon containing.
All amendments to this lease must be in writing and signed by all parties. A triple net lease agreement is a document used when a tenant lessee is paying costs in addition to the rental cost of the property.