absolute net rent

absolute net rent

Rent payments that are pure income to the landlord, because they are not reduced by any operating expenses.When an owner quotes a figure as absolute net rent,it is a clue that the tenant will also have to pay all insurance, real estate taxes, repairs, cleaning, and utilities in addition to the monthly rent.

References in periodicals archive ?
He also obtained for the investor a five-year guarantee of an absolute net rent of ten percent of the purchase price.