TEFRA Definition

TEFRA is Tax Equity and Fiscal Responsibility Act of 1982.

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TRIPLE NET (NNN) is a lease that includes on top of the basic rent, a share of the real property taxes, insurance, and maintenance. "Triple-net-leases are standard in commercial property leases in shopping centers and malls. Usually done under a limited partnership, resulting in lower risk for investors.

ADMINISTRATIVE/ADMINISTRATION COST see INDIRECT COST.

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