Triple Net Lease Accounting

Triple net lease accounting records and manages a lease where the tenant agrees to pay property taxes, insurance, and maintenance costs besides the rent. This type of accounting has a two-way purpose:  

The landlords track these payments as pass-through expenses. On the other hand, tenants allocate these costs in their financial records.  

Triple net lease accounting reminds us of renting a car once, which included insurance and repairs.  

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