Bondable leases are typically used in so-called "credit tenant lease" deals, where the main driver of value is not so much the real estate, but the uninterrupted cash flow from the usually investment-grade rated "credit" tenant. This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. Economics Double net lease There are standard names in the commercial real estate industry for different sets of costs passed on to the tenant in a net lease. A bondable lease (also called an absolute triple net lease or a "hell-or-high-water lease") is the most extreme variation of a triple net lease or a "hell-or-high-water lease") is the most extreme variation of a triple net lease or a "hell-or-high-water lease") is the most extreme variation of a triple.
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