net lease

Popular Terms
Lease arrangement in which a tenant (the lessee) pays not only the rental but is also responsible for the associated general expenses. In case of property leases, the lessee may pay for garbage collection, security, and utilities. In case of equipment lease, the lessee pays all maintenance, operating, repair costs associated with the use of leased equipment plus insurance and taxes. A capital lease is a net lease whereas an operating lease is not. See also gross lease.

Use 'net lease' in a Sentence

The net lease was a large liability for the company to take on so they reconsidered all of their options.
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If you are working under a net lease then you will have to pay out more than just your monthly payment and must budget that.
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WE had to sign a net lease agreement, which would take a couple hours and be a really arduous task for a guy that had never done it before.
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