A lease requiring the tenant to pay rent and part or all of the costs of maintenance including taxes, insurance, repairs and other expenses of ownership. Sometimes known as an absolute net lease, triple net lease or net, net, net lease.
A lease in which the landlord (lessor) receives a stipulated rent amount and the tenant (lessee) pays all operating expenses and taxes attributable to the property. A net lease produces net income to the lessor.
A lease calling for the lessee to pay all fixed and variable expenses associated with the property including real estate taxes and insurance. Most commonly used with large commercial or industrial properties.
A lease under which the tenant pays expenses, such as taxes, insurance and maintenance in addition to the base rent.
A lease whereby, in addition to the rent stipulates the lessee (tenant) pays such expenses as taxes, insurance, and maintenance. The landlord's rent receipt is thereby "net" of those expenses.
In addition to the rental payment, the lessee assumes all property charges such as taxes, insurance, and maintenance.
A type of lease in which the tenant pays for property charges such as insurance, maintenance, and taxes.Usually, these charges are made in addition to, not in lieu of, rent.In many cases, the tenant is expected to pay all property related charges.
When the tenant pays certain operating and maintenance expenses in addition to rent. When the tenant pays all expenses in addition to rent.
Form of lease stipulating that the retailer is responsible for paying all maintenance expenses of his store, i.e. heating, insurance and inside repairs, etc.
A lease in which the stated rent excludes the insurance, utilities, operating expenses and real estate taxes for the building. The tenant is then responsible for the payment of these costs either directly or as additional rent. Also called "Triple Net" or NNN.
a base rent plus an additional charge for taxes
a lease in which the tenant or lessor pays a monthly rent which does not include additional costs such as taxes, maintenance and insurance
a lease requiring the lessee (tenant) to pay the lessor's/landlord's monthly taxes, insurance, and maintenance expenses incurred by the property
a lease where the tenant has primary control of the premises and agrees to be responsible for some or all of the operating expenses of the premises, such as utilities, repairs, insurance, or taxes
Provides a base rental amount for a property that the lessor will net, and requires the lessee to pay taxes, utilities, and maintenance, and other additional costs, associated with the leased premises. Also called a "triple net lease" or "absolute net lease".
A lease requiring a lessee to pay charges against the property such as taxes, insurance, and maintenance costs in addition to rental payments.
A lease agreement where the lessee assumes the costs and expenses related to the use and maintenance of leased equipment.
In a net lease, the rentals are payable "net" to the lessor, i.e., all costs related to the use of the equipment (such as maintenance, insurance, and property taxes) are paid by the lessee, over and above the rent payments.
With a Net Lease, the rentals are paid to the Lessor. All costs associated with the use of the equipment are paid by the Lessee and are not an element of the rental. For example, insurance, taxes and maintenance are paid directly by the Lessee.
structured such that a base rent for a rental property is paid to the landlord. Also, other charges such as utilities, building property taxes, insurance and maintenance are also payable by the tenant. Sometimes referred to as triple net or absolute net lease.
A lease under which the tenant is responsible for paying the operating expenses.
A lease in which the Lessee, in addition to rent, pays expenses such as property taxes, fire insurance and maintenance. The Lessor's receipts are "Net" of those expenses.
A lease which states that in addition to the rent, the tenant pays such expenses as taxes, insurance, and maintenance. The landlord's rent is therefore "net" of those expenses.
The responsibility to pay taxes, insurance, and maintenance are incurred by Lessee, in addition to the monthly lease payment
A lease that does not include utilities, repairs, taxes and insurance in the monthly payment.
A lease in which the tenant pays all property operating expenses in addition to the stipulated rent.
A lease where you are responsible for paying all costs related to the leased equipment, such as maintenance, taxes, and insurance, and in addition to the monthly lease payment. All of our leases are typically net leases.
A lease in which the tenant pays some or all of the operating expenses. (see Lease, Gross Lease, Triple Net Lease)
Calls for all maintenance costs, such as heating, electricity, insurance, and interior repair, to be paid by the retailer -- which is responsible for their satisfactory quality.
lease arrangement that assesses the tenant with a base rent plus an additional assessment for the tenant's share of building operating expenses ( CAM), insurance or real estate taxes. Net leases are either Single-Net, Double-Net (NN) or Triple-Net (NNN), depending on the number of expenses (CAM, insurance or taxes) that the lessee must pay. For more information, see the "Overview of Leases" article in the "Real Estate In-Depth" section.
A lease in which all costs in connection with the use of equipment, such as maintenance, insurance and property taxes, are paid for separately by the lessee and are not included in the lease rental paid to the lessor.
A situation where the tenant pays taxes, utilities or other cost in addition to the agreed upon rental fee.
Lease under which the tenant pays the agreed upon rent plus utilities and taxes.
A lease in which there is a provision for the tenant to pay, in addition to rent, certain costs associated with the operation of the property. These costs may include property taxes, insurance, repairs, utilities, and maintenance. There are also “NN” (double net) and “NNN” (triple net) leases. The difference between the three is the degree to which the tenant is responsible for operating costs. See also “ Gross Lease”.
A lease requiring the tenant to pay not only rent but also costs incurred in maintaining the property, including taxes, insurance, utilities and repairs.
A lease that requires the lessee to pay all operating expenses of a property. Under a net lease, the landlord retains all of the rental income received from the property.
A lease in which the lessee assumes all the costs and expenses related to use and maintenance of the leased asset.
A lease where payments paid to the lessor do not include insurance, taxes and maintenance, which are paid separately by the lessee.
In a Net Lease, the rentals are payable net to the Lessor. All costs in connection with the use of the equipment are to be paid by the Lessee and are not a part of the rental. For example, taxes, insurance, and maintenance are paid directly by the Lessee.
A lease in which the tenant pays, in addition to rent, certain costs associated with a leased property, including property taxes, insurance premiums, repairs, utilities, and maintenance. There are also "net-net" (double net) and "net-net-net" (triple net) leases, depending upon the degree to which the tenant is responsible for operating costs. See also "Gross Lease".
A property lease in which the tenant pays all expenses normally associated with ownership, such as utilities, maintenance, repairs, insurance, and taxes.
Type of lease whereby the Tenant pays for part or all of the operating expenses which may include utilities, janitorial, property insurance, property management, sewer, water & garbage.
the type of lease in which the tenant pays the assessments, taxes, and all operating expenses in connection with the use of the premises.
A Lease in which all costs related to the use of the leased equipment are paid by the Lessee.
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.
A lease where one or more items of operating expenses are passed through to the tenant by the landlord.
Any lease where all costs in connection with the use of the leased property are paid by the lessee and are not part of the periodic lease payments. For instance, maintenance, insurance and taxes are paid directly by the lessee. Capital leases are generally net leases.
A lease which provides that all expenses attributable to the real estate are paid by the tenant. Local terminology may require some expenses to be paid by the landlord.
A lease, usually commercial, whereby the lessee pays not only the rent for occupancy, but also pays maintenance and operating expenses such as tax, insurance, utilities and repairs. Thus the rent paid is "net" to the lessor.
Also referred to as a triple net lease, the lessee pays not only a fixed rental charge but also expenses on the rented property, including maintenance.
A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord’s operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a "triple net lease." Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.
A type of lease whereby the lessor is guaranteed a specific income (net) due to the fact the lessee pays a set amount plus other expenses, such as, taxes, assessments, insurance and maintenance.
A lease agreement whereby the lessee pays all property charges (taxes, insurance, maintenance) in addition to rent. Local market customs and terms vary, in some areas, "net, net" and "net, net, net" are used.
A lease under which the tenant pays all expenses including taxes and insurance and gives the landlord a net amount as rent.