net lease

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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.

Net Lease

A lease in which the lessee pays the lessor (the property owner) a flat fee at agreed-upon intervals (usually once per month), and, in addition, some or all of the taxes, utilities, and maintenance due on the leased property. That is, the lessee becomes responsible for at least some of the duties of ownership of the leased property. See also: Triple Net Lease, Gross Lease.

net lease

A lease in which the costs of maintaining the asset, including taxes and insurance, are paid by the lessee. Compare gross lease.

net lease

A lease in which the tenant pays rent plus some portion of the maintenance and operating expenses of a property.The term triple net lease means the tenant pays all expenses associated with the property—maintenance, repairs, insurance, and real estate taxes. Beyond that, though, the expression net lease has no particular definition regarding the tenant's exact responsibilities. Every lease will be different and should be scrutinized for exact tenant expenses.One should always obtain a detailed list of expenses that are within the landlord's control,such as office overhead and salaries. Otherwise, expenses may increase dramatically merely because the owner's son-in-law, for example,has been given a high-paying job for mowing the lawn each week.

References in periodicals archive ?
Consistent with the net leases for the office and retail components of the World Trade Center, the net lessees have that responsibility.
This is due to the slightly weaker credit profile of Captec Net Lease's restaurant-focused tenants relative to Commercial Net Lease's existing tenant base and the limited upside potential inherent in long-term net leases.
Net leases can come in a variety packages, such as single net, double net or triple net.
Commercial Net Lease Realty, an equity real estate investment trust, invests in high-quality, freestanding retail properties subject to long-term, net leases with major retail tenants, such as Barnes & Noble, Eckerd and OfficeMax.
One Liberty is a New York-based REIT that specializes in the acquisition and ownership of a diverse portfolio of real estate properties under long term net leases.
The ratings are supported by NNN's consistent business strategy, which entails acquiring, owning, and investing in single-tenant retail properties, generally under long-term commercial net leases.
Net Lease Acquisition Group Vice Presidents Patrick Pearson and Gregg Fields structured 20-year, triple net leases for each of the stores.
Commercial Net Lease Realty, an equity real estate investment trust, invests in high-quality, freestanding retail properties subject to long-term net leases with major retail tenants, such as Barnes & Noble, Eckerd and OfficeMax.
Commercial Net Lease Realty invests primarily in high quality, single-tenant retail properties generally subject to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax and the United States of America.
TriNet's continued ability to increase the quarterly dividend reflects the steady stream of completed acquisitions and the growing income generated from our expanding national portfolio of net leases," said TriNet's president, Mark Whiting.
Commercial Net Lease Realty invests primarily in high quality, single-tenant retail properties subject generally to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax and the United States of America.
Commercial New Lease Realty, an equity real estate investment trust, invests in high-quality freestanding retail properties subject to long- term, net leases with major retail tenants.