Gross Lease

Gross, Single Net, Double Net, or Triple Net: How Chicago Business Owners Can Tell Who Pays What in a Commercial Lease

Commercial leases allocate property expenses like taxes, insurance, and maintenance differently, impacting tenant costs and administrative burden. Understanding the distinctions between Gross, Single Net (N), Double Net (NN), and Triple Net (NNN) leases is crucial for business owners to determine financial responsibilities before signing.