net lease

Definition of "net lease"
  1. A commercial leasing agreement where the tenant not only pays for the actual space but also for a part of the landlord's operating costs, which may include taxes, maintenance, and insurance
How to use "net lease" in a sentence
  1. Under a net lease agreement, she was responsible for paying the property taxes.
  2. The tenant negotiated a net lease with caps to limit potential rent increase.
  3. With a net lease, the company also had to cover part of the maintenance expenses.

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