Lease

A contractual agreement between a lessor and a lessee to provide a property in return for rent.

Triple Net

a lease agreement where the tenant is responsible for paying the taxes, insurance, and maintenance (all operating expenses) for their property in addition to their contractual rent cost.

Double Net

a lease agreement where the tenant is responsible for paying the taxes and insurance for their property in addition to their contractual rent cost.

Single Net

a lease agreement where the tenant is responsible for paying the taxes for their property in addition to their contractual rent cost.

Gross

a lease agreement where the tenant pays a single rate to the landlord to occupy an area. This rate includes all the fees for the space such as utilities and taxes.