# Triple-Net Lease

> Triple-Net Lease turns possession and use into a continuing exchange rather than a one-time transfer

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:leasing-operations:triple-net-lease` |
| Family | Leasing & Operations |
| Domain | Economics |
| Era | Institutional Age → Agentic Age |
| Kind | concept |
| Archetype | The Relation |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Triple-Net Lease is a concept in the Leasing & Operations family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Triple-Net Lease turns possession and use into a continuing exchange rather than a one-time transfer.

## Why it exists

It exists because place is unique and immovable while law, capital, information, and human lives must still coordinate around it across time.

## System mechanics

- **Who uses it:** owner, occupant, buyer, seller, lender, investor, steward, regulator
- **Incentives:** access, certainty, control, value, continuity
- **Inputs:** place, people, records, rules, resources, time
- **Outputs:** rights, constraints, uses, relationships, consequences
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Triple-Net Lease turns possession and use into a continuing exchange rather than a one-time transfer
- **Gift:** Clarity about triple-net lease makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When triple-net lease is treated as neutral or inevitable, its costs can be shifted to people who hold less information, authority, liquidity, or mobility.
- **Failure mode:** The failure mode appears when triple-net lease is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

- **Personal:** Notice where triple-net lease appears as a structure in your own commitments: what is held, promised, priced, protected, excluded, or deferred?
- **Business:** Triple-Net Lease reveals a handoff among information, authority, incentives, operating work, and capital. Make the owner of each handoff explicit.
- **Financial:** Triple-Net Lease changes the timing, priority, comparability, liquidity, or distribution of cash flow and risk.
- **Property:** Triple-Net Lease changes how a physical place can be used, valued, financed, transferred, occupied, maintained, or reclaimed.
- **Community:** Triple-Net Lease can create benefits inside one parcel while exporting costs or opportunity to neighbors, institutions, or future residents.

## Divination

The Relation enters the reading through Triple-Net Lease. The issue is not only what is visible; it is which map of ownership, time, risk, authority, or belonging currently governs the situation.

**Question:** What changes when Triple-Net Lease becomes the unit of analysis?

**Guidance:** Shift scale, clock, stakeholder, boundary, and claim layer before choosing a move.

## Game function

Creates a graph move that changes the active map. Initiative 4.

## Relationships

- **Federal Funds Rate amplifies Triple-Net Lease.** Federal Funds Rate amplifies Triple-Net Lease through a change in rights, information, cash flow, priority, timing, or physical use.
- **Net Lease enables Triple-Net Lease.** Net Lease enables Triple-Net Lease through a change in rights, information, cash flow, priority, timing, or physical use.
- **Triple-Net Lease prices Percentage Lease.** Triple-Net Lease prices Percentage Lease through a change in rights, information, cash flow, priority, timing, or physical use.
- **Triple-Net Lease conflicts with Assignment.** Triple-Net Lease conflicts with Assignment through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Use Value versus Exchange Value
- Speed versus Diligence

## Historical lineage and regulatory context

Read Triple-Net Lease through the lineage of Leasing & Operations: earlier customary or local arrangements became recorded, standardized, financed, regulated, digitized, or contested over time.

Rules vary by jurisdiction and transaction. Use the cited primary sources as starting points and verify current local law, program guides, contracts, and professional standards before operational use.

## Visual direction

Text-free rounded-square enamel artifact for Triple-Net Lease: one dominant symbolic mechanism with a restrained secondary counterforce; vitreous midnight enamel, blackened steel, warm brass, copper accents, mortgage-paper cream, deep green, slate, and sky blue.

## Engine output / Sentinel handoff

The generative interpretation above is preserved as Engine Output. Sentinel factors: jurisdiction-specific rules, factual uncertainty. These factors request contextual review; they do not delete or silently rewrite the candidate.

## Research / provenance

- [Comptroller's Handbook — Commercial Real Estate Lending](https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/commercial-real-estate-lending/pub-ch-commercial-real-estate.pdf) — Office of the Comptroller of the Currency; CRE lending, DSCR, debt yield, cap rate, valuation, risk.
- [Leasehold Property Overview](https://www.gov.uk/leasehold-property/overview) — Government of the United Kingdom; leasehold and freehold tenure.
