Also known as a bondable lease. An extreme variation of a net lease, where the tenant is typically responsible for all, or most, of the risks related to the real property. A tenant is usually responsible for all the costs typically found in a triple net lease and certain additional risks.

The economic terms may vary depending on the negotiated lease, but in most instances, the rent is absolutely net under all circumstances. Typically, an absolute triple net lease is not terminable by the tenant and rent abatements are not permitted. For example, a tenant must:

An absolute triple net lease would be typically used in a sale leaseback arrangement.