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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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He also obtained for the investor a five-year guarantee of an absolute net rent of ten percent of the purchase price.