What's in a name? Nothing. A poorly drafted lease, by any name, is a poorly drafted lease. Commercial leases often use the phrase “net” to describe the scope of the
In the Spotlight: When Drafting Leases, Substance Matters
Drafters of (and all parties to) commercial leases should be aware that just using a magic phrase, such as "triple net," is probably insufficient to automatically alter the parties' otherwise express rights and duties.
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