What is Triple net or Net Net Cash?

[David McBrayer]

Hello everyone.  Newbie David here.  I need to ask a question and I bet there are people that can jump on in and tell me this information.  I could look it up but I thought I would just ask the question in here.

I see ads for properties that say Triple Net or Net Net Cash.  Can someone please give this Newbie a little help on this?  I am going to read several of the articles or post on here and see what they say, but I thought I would just ask the community.

Have a great weekend and thank you all for your help!!!

David

[Josh Caldwell]

Tripple net lease is a term that you generally find only in commercial property.  What it means is that the tenant is responcible for paying everything.  The tenant pays for repairs and upkeep as well as taxes, insurance, utilities, and pretty much everything else that can be called an expense.

You will see this alot from chain restaurants.  they build out an store and then sell it and lease it back. 

I hope that helps

Josh