Net lease is usually a commercial lease in which the tenant agrees to assume all occupancy costs in exchange for a reduced rental price
In a net commercial lease, the commercial tenant will agree to be legally responsible for specific and identified liabilities arising out of their use and occupancy of the leased property.
These liabilities include but are not limited to such responsibilities as replacing certain fixtures, payment for electricity, water, interior maintenance costs, property insurance, and sometimes even property taxes in exchange for a substantially reduced lease price.
