Triple net lease in economics and finance

Hello everyone! Today, we're going to explore an important concept in the world of economics and finance - the triple net lease. A triple net lease, also known as NNN lease, is a type of lease agreement commonly used in the real estate industry. It is a lease structure where the tenant is responsible for not only the rent but also the property's operating expenses, including property taxes, insurance, and maintenance costs. This arrangement differs from a standard lease, where the landlord typically covers these expenses. The triple net lease is widely utilized in commercial real estate, offering benefits to both landlords and tenants.