Simple Lease Agreement (Gross Lease)

A lease where the property owner is responsible for all expenses, including maintenance costs, insurance, and property taxes. This type of lease is common for smaller commercial spaces or retail units.

n a Single Net Lease, the tenant pays the base rent plus property taxes for the leased property. The landlord remains responsible for other expenses such as insurance and maintenance costs. This lease type is less common than Triple Net (NNN) leases but is sometimes used in certain commercial lease agreements.

In a Double Net Lease, the tenant pays the base rent plus property taxes and insurance premiums for the leased property. The landlord remains responsible for structural maintenance and major repairs. This lease type shares expenses more evenly between tenant and landlord, positioned between Single Net and Triple Net leases in terms of cost responsibilities.

In a Triple Net Lease, the tenant pays the base rent plus all additional property-related expenses, including property taxes, insurance premiums, and maintenance costs. This lease type places most financial responsibilities on the tenant, offering landlords a mostly passive income stream with minimal management duties. It is common for long-term commercial leases with national or creditworthy tenants.