Types of net leases 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. Triple net lease This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. Use of a triple net lease or a "hell-or-high-water lease") is the most extreme variation of a triple net lease may be a prerequisite for credit tenant lease financing, and may permit a lender to lend to the landlord on nonrecourse terms. Single net lease A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property and pay the resulting mortgage with the lessee's monthly.

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