The most common type of net lease, also known as a triple net lease or an nnn lease. In this type of net lease, the lessee is required to pay rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. If there are multiple tenants in one unit under a triple net lease, each tenant is responsible for their proportionate share of property taxes, insurance, common operating expenses, common area utilities, personal property taxes, and janitorial services. Most triple net properties are for a single tenant and are long term (5 or more years).

In this type of lease, the CAMs (Common Area Maintenance charges) are to be divided among the tenants of the building based upon the tenant's square footage percentage of the overall complex.

• A triple net lease is much more desirable than a NN Lease to a property owner because they basically have no management or maintenance duties / issues, as these things are the sole responsibility of the tenant(s).
• Also known as an "NNN Lease" or "Net-Net-Net Lease" - called this because the tenant is to pay for the net of 3 things: property taxes, insurance and maintenance.
• Some examples of companies that use triple net leases: Walgreen's and CVS Pharmacies.