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Triple Net Lease - with a triple net lease the tenant pays a base rent, taxes, insurance and also any charges for repairs and maintenance of the property.

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Does the tenant pay depreciation under a triple net lease?

yes


What is triple net in real estate?

The triple net in real estate is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "Nets") on the property in addition to any normal fees that are expected under the agreement, rent, utilities etc.


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