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triple net lease

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A lease where the lessee/tenant pays not only rent, but also the property taxes, insurance, and maintenance.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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