Net lease property refers to a type of lease in which the tenant is responsible for at least one additional expense in addition to their rental. There are three common types of net leases and these are single, double and triple net leases. Single net leases obligate the tenant to pay for property tax as well as rent. Double net leases obligate the tenant to pay for property tax and insurance as well as rent. Triple net leases obligate the tenant to pay for property tax, insurance and the cost of maintaining the building which they rent. Triple net leases or nnn leases are the most common type …