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A lease agreement states that the rental rate term is triple net rent. The triple net means The tenant is responsible for paying Operating expense.

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A lease agreement states that the rental rate term is "triple net rent". The "triple net" means The tenant is responsible for paying Operating expense. Property insurance, and Property tax. Tenant is responsible for paying Operating expense, Capital expense, and Property insurance. The tenant is responsible for paying Operating expense, Income tax, and Interest expense Tenant pays no expense. All expenses are responsibility of the landlord

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