Sentence examples for net lease from inspiring English sources
noun
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.
While negotiable, the asking rent is $20,000 a month for a 10-year net lease.
When all three of the usual costs--taxes, maintenance, and insurance--are passed on, the arrangement is known as a "triple net lease". Because these costs are variable and almost never decrease, a net lease favors the landlord.
The building also has rental apartments above the retail level, but the entire building is available as a net lease.
A In the spring we extended a net lease on 411 Lafayette Street, off Astor Place, by another 25 years, to 2061.
It's a pedestrian-heavy corner, and so what we really want to do is net lease the land to somebody, a bank or a retailer.
Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limit the amount of rent the tenant must pay.
The space is occupied by the Harlem Gems preschool program run by Harlem Children's Zone, which has 16 years left on a triple-net lease.
But that is a net-net lease, Mr. Cohen said, explaining that the tenants' share of building costs would bring the effective rent to between $30 and $40 a square foot.
The duo created a triple-net lease real estate business, based on strict formulas and numbers.
NETL is a pure-play Net Lease REIT ETF that encompasses a variety of REITs that provide sustainable cash flows by leasing their properties through long-term contractual leases on a triple-net lease basis.
"… they generally use a triple-net lease structure, whereby tenants pay all expenses related to property management: property taxes, insurance, and maintenance.
