What is a Triple Web Leases? What Is A Triple Net Leases? - Last Updated: May 1, 2025 -. Written By: Jeri Frank A triple net lease is the most frequently used lease enter commercial realty. People describe it as a triple net lease due to the fact that it covers three locations of expenditures: taxes, insurance, and common location upkeep. Many property owners and occupants build these leases in different methods. They frequently go through numerous rounds of negotiations between the landlord and the renter. There isn't a single template or basic form for all states or the nation. You rarely see a lease arrangement identical to another one. This is unless you deal with the exact same landlord on the same residential or commercial property. All of this makes it a lot more important to understand the terms of renting structures. What does a triple net lease (NNN), a double net lease (NN), a single net (N) lease, a full-service lease, or even a gross or customized gross lease imply? Each lease type indicates who pays taxes, insurance coverage, and maintenance in the shared areas. The responsibility for these expenses considerably affects how the costs are recovered when handling a residential or commercial property. This article will explain how these terms impact the renter and the owner. Today's blog explores the meaning of triple net leases and why you must consider them. Understanding Commercial Real Estate Leases As pointed out, there isn't a single standard contract or type for NNN leases. Even for knowledgeable specialists, settling leases can be complex. It is crucial to represent all the situations that could emerge throughout a multi-year lease. To prepare, the very best thing you can do is learn about the different types of leases and the guarantees and obligations that include them.