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Net lease
An agreement that some, most, or all expenses are paid by tenant. This type of lease can exclusively cover rental charge, excluding maintenance, insurance, utilities, and tax expenses. These additional charges are either paid by the tenant as a separate rental fee to the landlord or directly to the respected companies/establishments.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Real estate
- Category: Commercial
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