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FAQ Real Estate Dictionary N Net Lease
FAQ Real Estate Dictionary N Net Lease
Net Lease
- DATE ADDED:
- Tuesday, 07 April 2009
- FAVOURED:
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ANSWER
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.