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net lease

noun

Definitions

  1. An agreement that requires the tenant to pay, in addition to the fixed rent, all of the…

    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.

The neighborhood

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA