Definition:
A lease agreement in which the tenant
pays contract rent to the landlord, and, in addition,
separately pays the operating expenses of the property.
Specifically, the triple expenses for which the tenant pays.
Use this tool to find CRE related terms, and their corresponding definitions, as they are used in our reports.
Definition:
A lease agreement in which the tenant
pays contract rent to the landlord, and, in addition,
separately pays the operating expenses of the property.
Specifically, the triple expenses for which the tenant pays.