The term double net lease refers to an arrangement where the tenant is only responsible for paying rent and property taxes.

Name: The term double net lease refers to an arrangement where the tenant is only responsible for paying rent and property taxes.
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In a double net lease, the tenant is responsible for paying rent, property taxes, and insurance. In a triple net lease, the tenant is responsible for paying rent, property taxes, insurance, and maintenance expenses.

The Term Double Net Lease Refers to an Arrangement Where