Triple Threat Lease

Have you ever heard the term “triple net lease”?  This is a lease where the tenant not only pays rents, but is also responsible for paying property taxes, property insurance, and typically maintenance expenses related to plumbing, air conditioning, windows, and painting.  The landlord is typically responsible for the roof, parking lot, and building foundation.  There is tremendous variation in th tmer sof commercial leases, and they should be carefully reviewed by the tenant to avoid “surprises.”

Mitch