In a double net lease (Net-Net or NN) the lessee or tenant is responsible for any expenses incurred for structural repairs and common area maintenance. "Roof and structure" is sometimes calculated as a reserve, the most common amount is equal to $ .15 per square foot. Double net leases are rarely used in the industry. Triple net lease Economics Types of net leases Single net lease Typically, triple net leases than other forms of lease agreements, this form of lease agreement is desirable for real estate taxes and building insurance. The lessor or landlord is responsible for all costs associated with repairs or replacement of the structural building elements of the property. 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.
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