What is a Triple Net Lease?

If you have a passing familiarity with the field of finance, you may have heard of a triple net lease. If you have slightly more familiarity, you may simply be aware that a triple net lease is complicated. But that doesn’t mean that it’s inscrutable. While triple net leases have more limited versatility than single or double net leases, they do come with some distinct advantages and can sometimes provide the ideal symbiotic relationship between both leaser and lessee.