A rental agreement wherein the tenant pays a portion of the expenses of the property in addition to the rent set out in the agreement; the landlord receives the full amount of the rent paid with no liability for expenses.
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 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.
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.
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".
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 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.
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 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”.
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".
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, 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.
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 landlordÃ¢â‚¬â„¢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 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.