A net lease is a real estate lease agreement in which, in addition to the stipulated rent, the lessee (tenant) agrees to cover other expenses such as taxes, insurance, and maintenance. This arrangement results in the landlord receiving rent net of these expenses.
A Triple-Net Lease (NNN) is a commercial real estate lease agreement in which the tenant agrees to pay all operating expenses related to the property, in addition to the rent paid to the landlord.
