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absolute net lease

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absolute net lease

Also called a triple net lease, in which the tenant pays rent plus all costs of ownership,such as insurance,real estate taxes,repairs,cleaning,and utilities.



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Pathmark has an absolute net lease for the entire building through December 2011.
AIC Ventures' real estate fund, NL Ventures VI, through an affiliate, acquired the properties and simultaneously entered into a long-term absolute net lease with Oracle.
The lease with Bell Atlantic was an absolute net lease with all taxes, charges, and expenses paid for by the tenant.
 
 
 
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