Double Net Lease definition

Double Net Lease means a lease under which the tenant pays for all or substantially all of any two of the following for the Property: (i) real estate property taxes; (ii) property insurance; and (iii) operating expenses.
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Double Net Lease. Any Credit Lease pursuant to which the related Tenant generally has a right to ▇▇▇▇▇, offset, withhold or delay rent under such Credit Lease or to terminate such Credit Lease arising from certain defined casualties, condemnation or a default on the part of the Mortgagor in the maintenance, repair, replacement or other obligations of the related Mortgaged Property.
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Double Net Lease means a lease by a tenant of a Property under which the tenant is financially responsible for real estate taxes and insurance premiums relating to such Property.
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Examples of Double Net Lease in a sentence

  • Popular types of lease agreements used for restaurants/retail stores include: a Modified Gross Lease, Percentage Lease or a Net Lease (Double Net Lease or Triple Net Lease).

  • Popular types of lease agreements used for industrial properties include: a Gross Lease, a Modified Gross Lease or a Net Lease (Double Net Lease or Triple Net Lease).

  • The different types of net leases include: Triple Net Lease – the tenant pays a portion of the property taxes, property insurance, and CAM Double Net Lease – the tenant pays a portion of the property taxes and property insurance Single Net Lease – the tenant pays a portion of the property taxes Modified Gross Lease A modified gross lease (or modified net lease) is a hybrid of gross and net leases.

  • Popular types of lease agreements used for office space include: a Gross Lease, a Modified Gross Lease or a Net Lease (Double Net Lease or Triple Net Lease).

  • Double Net Lease – The tenant is responsible for the base rent, insurance premiums, and property taxes.

  • Double Net Lease: A double net lease requires the tenant to pay property taxes as well as insurance premiums in addition to rent.


More Definitions of Double Net Lease

Double Net Lease means a Lease by a tenant of a Property under which the tenant is financially responsible for real estate taxes and insurance premiums relating to such Property.
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Double Net Lease. Each Credit Lease identified as a Double Net Lease on the Mortgage Loan Schedule.
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