A contractual agreement where a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent; in its purest form, the tenant is expected to pay for all the costs related to a property as if the tenant were the actual owner.
Global Definitions Database
Net Lease
Source: NCREIF | Date: 09 September 2025 | ID: D1314 | Version: 1