net lease

net lease definition - business

net lease

A lease in which the tenant (lessee) is required to pay all maintenance, taxes, and insurance. The tenant is responsible for normal ownership expenses, leaving the lessor free of daily management responsibilities. Also called absolute net, triple net lease. Compare gross lease.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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