net lease
( plural )
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(business) An agreement that requires the tenant to pay, in addition to the fixed rent, all of the property expenses which normally would be paid by the owner. For US real property these include real estate taxes, insurance, maintenance, repairs and utilities.
net lease
The investor preferred a net lease because the tenant agreed to pay, in addition to the fixed rent, all property expenses such as real estate taxes, insurance, maintenance, repairs, and utilities.
The investor preferred a net lease because the tenant agreed to pay, in addition to the fixed rent, all property expenses such as real estate taxes, insurance, maintenance, repairs, and utilities.
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