What are we dealing with…?

 
 
 
 
As property adjusters, we frequently encounter insureds leasing commercial space. 

A single net lease only requires the tenant to pay the amount of property taxes, 

A double net lease requires the tenant to pay for both property taxes and premiums for the building insurance. 

A triple net lease is where the tenant is responsible for paying all operating expenses relating to the building, this includes property taxes, insurance and the cost of any maintenance or repairs the building requires during the lease.