Bondable Lease Law and Legal Definition
A bondable lease is a variant of a triple net lease in which the tenant carries every imaginable real estate risk related to the property. Such risks include the obligations to rebuild after a casualty, regardless of the adequacy of insurance proceeds, and to pay rent after partial or full condemnation. Bondable leases are not terminable by the tenant, nor are rent abatements permissible.
A bondable lease is also known as absolute triple net lease, true triple net lease, or hell or high water lease.
