Triple Net Lease Shielded Owner from Liability

Triple Net Lease Shielded Owner from Liability



Facts: An appliance store leased a building and parking lot “as is” from the owner under a triple net (NNN) lease—that is, a lease in which a commercial tenant is responsible for maintaining the premises and for paying all utilities, taxes, and other charges associated with the property. The owner continued to occupy some of the building’s storage areas. A deliveryman for the tenant fell in a part of the parking lot wholly used and maintained by the tenant.

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