Net lease

Net lease

An agreement that some, most, or all expenses are paid by tenant. This type of lease can exclusively cover rental charge, excluding maintenance, insurance, utilities, and tax expenses. These additional charges are either paid by the tenant as a separate rental fee to the landlord or directly to the respected companies/establishments.

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Part of Speech: noun
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Blossary:
Industry/Domain: Real estate
Category: Commercial
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Related terms

net lease

Financial services; General Finance

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 ...

net lease

Law; Legal services; General law

A lease in which the tenant pays rent plus all the costs of ownership, such as taxes and maintenance.

net lease

Law; General law

A lease in which the tenant pays rent plus all the costs of ownership, such as taxes and maintenance.

net-net lease (NN)

Real estate; General

Usually requires the tenant to pay for property taxes and insurance in addition to the rent.

triple net lease

Financial services; General Finance

A lease providing that the tenant pay for all maintenance expenses, plus utilities, taxes, and insurance. This results in lower risk for investors, who usually form a limited ...

arena

Real estate; Commercial

An enclosed area for presentation of sports.

first floor

Real estate; Commercial

In the U.S., the floor at ground level in a building.

Gross lease

Real estate; Commercial

A lease that states all of building's operating expenses, taxes, insurance, utilites, and maintenance fees are covered by landlord. It is agreed that the tenant only pays a ...

BOMA

Real estate; Commercial

An acrynym that stands for Building Owners and Managers Association, an internationally accepted association that promotes clear communication between landlords and tenants. BOMA ...

BOMA standard

Real estate; Commercial

Standard methods of measuring floor space to both maintain a common set of measurements throughout the industry as well as to respond to the growing number and intergration of ...

Usable area

Real estate; Commercial

Area that can be used or occupied, varying over the course of a building's lifetime due to the natural expansion and contraction of building space and corridors. Usable area is ...