Triple Net definition

Triple Net. This Lease shall be deemed to be “triple net” without cost or expense to City of any nature whatsoever relating to the Leased Property, including, without limitation, those relating to taxes, if any, insurance, repair, maintenance, use, care or operation.
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Triple Net. PROVISIONAL (OPTIONAL)
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Triple Net means, with respect to a lease, a lease in which the tenant pays not only for the use of the premises but also for the landlord’s operating costs, including taxes, maintenance and insurance. In the case of the some of leases of the properties, the tenant is also required to pay a nominal monthly fee in respect of property management, reflecting the single-tenant nature of the properties;
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Examples of Triple Net in a sentence

  • Landlord and Tenant acknowledge that, except as otherwise provided to the contrary in this Lease, it is their intent and agreement that this Lease be a "TRIPLE NET" lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant's operation therefrom.

  • In addition to the Base Rent, the Tenant shall be obligated to pay the following monthly expenses _ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ _ _ _ _ ☐ - TRIPLE NET (NNN).

  • In addition to the Base Rent, the Tenant shall be obligated to pay the following monthly expenses _ __ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ _ _ _ ☐ - TRIPLE NET (NNN).

  • Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a "TRIPLE NET" lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant's operation therefrom to the extent provided in this Lease.

  • In addition to the Base Rent, the Lessee shall be obligated to pay the following monthly expenses: Lessor shall pay the following monthly expenses: ☐ - TRIPLE NET (NNN).


More Definitions of Triple Net

Triple Net. PROVISION. (Optional). This provision shall be applicable. Tenant agrees that all duties and obligations to repair, maintain and provide utilities and services (paragraphs 6 and 7), to pay taxes and special assessments (paragraph 10) and to pay for casualty and liability insurance (paragraph 11) shall be borne solely by Tenant during the term of this lease. (If the parties select this provision, all duties and obligations set forth in paragraphs 6, 7, and 10 shall be performed by the Tenant).
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Triple Net means, with respect to a lease, a lease in which the tenant pays not only for the use of the premises but also for the landlord’s operating costs, including taxes, maintenance and insurance. In the
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Triple Net and "Ground" leases refer to those leases that contain no landlord obligations other than restoration at condemnation and casualty and which provide the tenant with cancellation or rent abatement rights in connection with such events.
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Triple Net means rent which is net of property tax, insurance and maintenance costs, all of which are paid by the tenant;
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Triple Net means Triple Net, Ltd., a Turks and Caicos company.
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Triple Net means that the tenant will also be responsible for paying Taxes,
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Triple Net. LEASE: PAYMENT OF TAXES, UTILITIES, AND INSURANCE. This is a "triple net" lease of the Building E Property and Tenant shall pay as Additional Rent the following items:
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