Double Net Lease Clause Samples
A Double Net Lease is a type of commercial real estate lease in which the tenant is responsible for paying both property taxes and insurance premiums in addition to the base rent. Under this arrangement, the landlord typically remains responsible for structural maintenance and repairs, while the tenant covers the specified additional expenses. This clause shifts a portion of the property’s ongoing costs to the tenant, thereby reducing the landlord’s financial obligations and providing greater predictability for both parties regarding expense allocation.
Double Net Lease. A Lease of all of the leasable area of an Unencumbered Pool Property under which the Tenant pays all operating expenses of the property, including, without limitation, insurance, taxes, maintenance and capital expenditures, except for certain limited maintenance or capital expenditure obligations (such as roof repairs) retained by the landlord under such Lease.
Double Net Lease. A Lease of all of the leasable area of a Borrowing Base Property under which the Tenant pays all operating expenses of the property, including, without limitation, insurance, taxes, maintenance and capital expenditures, except for certain limited maintenance or capital expenditure obligations (such as roof repairs) retained by the landlord under such Lease.