Plain-English definitions for the terms you'll encounter on your financial journey.
Property used exclusively for business-related purposes or to provide a workspace rather than as a living space.
Triple Net Lease: This is a type of commercial real estate lease where the person renting the space agrees to pay for property taxes, building insurance, and maintenance costs on top of the rent. Because the landlord doesn't have to cover these expenses, the base rent is usually lower than in other types of leases.