Net Lease Property

Net Lease Property
. Property where the tenant or lessee pays most, if not all, of the expenses. The tenant may pay the expenses directly, or reimburse the landlord. If the tenant is responsible for all the expenses, the lease is often called triple net or NNN. For tax purposes, a net lease is where the deductions allowed solely by reason of IRC Sec. 162 (general business expenses) are less than 15% of gross rents from that property or property where the lessor is either guaranteed a specific return or is protected in whole or part against loss of income. Deductions allowed solely by reason of Sec. 162 are deductions other than interest, taxes and depreciation. . Small Business Taxes & Management 2 .

Англо-русский экономический словарь.

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Смотреть что такое "Net Lease Property" в других словарях:

  • net lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. net lease …   Law dictionary

  • net-net-net lease — triple net lease, Also known as net net net lease or NNN lease. A net lease where the tenant typically pays: • Base rent. • Real property taxes. • Building insurance. • Maintenance costs …   Law dictionary

  • net-net lease — USA double net lease, Also known as net net lease or NN lease. A net lease where the tenant typically pays: • Base rent. • Real property taxes. • Insurance costs …   Law dictionary

  • Net lease — Contents 1 Types of net leases 1.1 Single net lease 1.2 Double net lease …   Wikipedia

  • Net Lease — A provision that requires the tenant to pay a portion or all of the taxes, fees and maintenance costs for the property in addition to rent. Net lease requirements are most commonly used with commercial real estate. There are three primary types… …   Investment dictionary

  • net lease — Leases that require the lessee to pay expenses. For real estate leases, see triple net. For personal property leases, a net lease is a lease that requires the customer/lessee to pay for the insurance, maintenance, and all taxes, if any, levied on …   Financial and business terms

  • Net lease — A lease arrangement under which the lessee is responsible for all property taxes, maintenance expenses, insurance, and other costs associated with keeping the asset in good working condition. The New York Times Financial Glossary …   Financial and business terms

  • 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… …   Wiktionary

  • triple net lease — See: net lease Category: Real Estate & Rental Property → Renters & Tenants Rights Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009. trip …   Law dictionary

  • Triple Net Lease — A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease. The structure of this type of lease requires the… …   Investment dictionary

  • Single Net Lease — A commercial real estate lease agreement in which the tenant is required to pay property taxes in addition to rent. A single net lease is a form of pass through lease in which taxes associated with the property become the responsibility of the… …   Investment dictionary


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