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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Related to Double Net Lease

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • Wet Lease means any arrangement whereby Lessee or a Permitted Sublessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Lessee or a Permitted Sublessee, provided that Lessee's obligations under this Lease shall continue in full force and effect notwithstanding any such arrangement.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.