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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

net lease

A lease in which the costs of maintaining the asset, including taxes and insurance, are paid by the lessee. Compare gross lease.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Global Net Lease (NYSE:GNL) will be releasing its next round of earnings this Wednesday, August 7.
(NYSE: WPC), a net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, has announced that on June 27 it completed a USD 70 million sale-leaseback of a mission-critical food production and distribution site in the Northeastern US, the company said.
Carey and Extra Space Storage have entered into net lease agreements for 36 self-storage properties owned by Carey.
NEW YORK: Founder and CEO of Bear Real Estate Advisors Matt Bear will moderate the Increasing the Inventory: 2018 Sector Developments panel at the 16th RealShare Net Lease Conference on Thursday at the Park Lane Hotel in New York City.
US-based real estate investment trust Broadstone Net Lease, Inc has closed a sale leaseback acquisition of a portfolio of 25 Bob Evans Restaurant locations in eight states, for a total purchase price of approximately USD 48.9m, the company said.
Northbrook, IL, November 19, 2015 --( The Boulder Group's Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Drug Store Market.
Cap rates for the single-tenant net lease retail sector remained at the record low rate of 6.40 percent in the second quarter, reported the Boulder Group, Northbrook, Illinois.
Typically, the lessee enters into a net lease for a long period of time, often consistent with the term of the mortgage loan.
Parks Square renders no significant or extensive services in connection with its rental operation, and leases space only on a "net lease" basis.
Global Banking News-July 2, 2019-Global Net Lease declares dividend of USD0.5325 per share for Q3 2019
M2 EQUITYBITES-July 2, 2019-Global Net Lease declares dividend of USD0.5325 per share for Q3 2019