Financial Definition of Net Lease
Meaning of Net Lease
A lease arrangement under which the lessee is responsible for all property taxes, maintenance expenses, insurance, and other costs associated with keeping the asset in good working condition.
Related Entries of Net Lease in the Encyclopedia of Law Project
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Net Lease in Historical Law
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Legal Abbreviations and Acronyms
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See also
Triple Net Lease in the American legal Encyclopedia
Concept of Net Lease in the context of Real Property
A short definition of Net Lease: A lease requiring the tenant to pay, in addition to a fixed rental, the expenses of the property leased, such as taxes, insurance, maintenance, etc. In some states the terms net net, net net net, triple net, and other such repetitions are used. See also: Gross Lease.
Concept of Net Lease in the context of Real Property
A short definition of Net Lease: A lease requiring the tenant to pay, in addition to a fixed rental, the expenses of the property leased, such as taxes, insurance, maintenance, etc. In some states the terms net net, net net net, triple net, and other such repetitions are used. See also: Gross Lease.
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