Net lease


 

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Net Lease

A lease requiring the tenant to pay, in addition to a fixed rental, the expenses of the property leased, such as taxes, insurance, maintenance, etc. In some states the terms net net, net net net, triple net, and other such repetitions are used.

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.



Net lease

Similar Matches

Full service lease

Full service lease

Also called rental lease. Arrangement in which lessor promises to maintain and insure the equipment leased.


Break even lease payment

Break even lease payment

The lease payment at which a party to a prospective lease is indifferent between entering and not entering into a lease arrangement.


Full payout lease

Full payout lease

See: Financial lease


P Partial Release

P Partial Release

A release of a portion of property covered by a mortgage. A subdivider will obtain a partial release as each lot is sold, upon payment of an agreed upon amount. In areas where the subdivider is not usually the builder, it may be necessary to sell groups of lots to obtain a partial release. In areas where deeds of trust are used instead of mortgages, a "partial reconveyance" is the document used.


Leasehold

Leasehold

An asset providing the right to use property under a lease agreement.


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