Quote:
Originally posted by sgtclub
I agree with you, there should only be one net. But i-bankers always use at least net/net, and sometimes, if they really want to make a point, net/net/net, so I've stopped fighting the convention.
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I've seen it in long term commercial leases (ugh). Net lease = tenant pays utilities, RE taxes, and any special assessments. Net net lease = tenant pays all of the above plus insurance. Net net net lease = all of the above plus maintenance, upkeep and repairs.
The triple net lease is really only used for industrial property where the tenant probably can get cheaper repairs and lawnmowing than the owner.
I think it's just a wonky way of saying "at the end of the day."
