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Legal Dictionary

single net lease

Definition of single net lease

Further reading

In a single net lease (sometimes shortened to Net or N), the lessee or tenant is responsible for paying property taxes as well as the base rent. Double- and triple-net leases are more common forms of net leases because all or the majority of the expenses are passed on the tenant.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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