Triple net leases are commonly quoted as dollars per rentable square foot (RSF). Usually these are annual quotes. So the numbers you are given are for a years worth of rent.
There are two categories of a triple net lease. The first category is the base rent. This for example could be $20/RSF. The second category is basically everything else lumped together, called expenses. This includes property maintenance, property taxes, and property insurance. This for example could be $8/RSF. The second category is usually an ESTIMATE based on previous expenses. For example, if the annual expenses last year for a building were $19,000, they could be estimated at $20,000 for this year. If the building has 3000 RSF, the estimated expenses per RSF would be $6.67 / RSF.
The tenant is usually responsible for ACTUAL EXPENSES, regardless of the estimate. So when all of the expenses are paid, the tenant could owe additional rent, if the estimates were short, or the tenant could be due a refund if the estimates were too high.
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