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Single Net Lease
Practical Law Glossary Item 3-502-4018 (Approx. 2 pages)
Glossary
Single Net Lease
A commercial net lease where the tenant typically pays:
- Base rent.
- Real property taxes.
The allocation of costs between the landlord and tenant may vary depending on the negotiated lease, but the landlord is responsible for all other operating expenses, including structural repairs and common area maintenance.