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What is another word for net lease?

Pronunciation: [nˈɛt lˈiːs] (IPA)

A "net lease" refers to a type of lease agreement where the tenant is responsible for paying not only the rent but also a portion of the property's operating expenses, such as taxes, insurance, and maintenance. Synonyms for net lease include "triple net lease" (NNN lease), "absolute net lease" or "net-net-net lease", highlighting the three main expenses covered by the tenant. These terms emphasize the financial responsibility transferred from the landlord to the tenant, making it a popular choice for commercial properties. By understanding these synonyms, tenants and property owners can effectively communicate and negotiate lease terms, ensuring a clear understanding of the financial obligations associated with the agreement.
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What are the opposite words for net lease?

Net lease refers to a rental agreement where tenants or lessees pay for additional expenses, such as taxes, maintenance, and insurance premiums, on top of the base rent. The opposite of net lease is gross lease. A gross lease refers to a rental agreement where the landlord or lessor is responsible for paying all expenses related to the property, including utilities, taxes, and maintenance costs. In a gross lease, the tenant only pays for the base rent, which typically includes the cost of the property and the landlord's profit. Unlike a net lease, a gross lease may result in higher base rent to cover the landlord's expenses.

What are the antonyms for Net lease?

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