net lease

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.

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Meanings

nounnet lease (plural net leases)

plural net leases

  1. businessAn 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.
Cite this entry
APA

net lease. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/net%20lease

MLA

“net lease.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/net%20lease. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “net lease,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/net%20lease.

Source: net lease on Wiktionary, CC BY-SA 4.0.