In a single net lease (sometimes shortened to Net or N), the lessee or tenant is responsible for all costs associated with repairs or replacement of the structural building elements of the property. Economics The precise items that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit. This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. A bondable lease (also called an absolute triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant carries every imaginable real estate risk related to the property. Notably, these additional risks include the obligations to rebuild.
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