net lease - a lease that includes the provision that the Lessee pay some or all of the expenses of operating the property such as property taxes, insurance, utilities, repairs, and maintenance. The various degrees of "netness" of a lease are not sufficiently standardized for universal classification. In some jurisdictions, for example, a "triple net" lease is one in which the tenant pays three of the major costs of ownership (insurance, taxes, and operating expenses) as part of the lease. It is best to review the lease contract carefully to determine who is responsible for any expenses. Generally, if the lease is silent on the payment of expenses, the burden of the expenses falls to the lessor. In an offer to lease that recites a "net-net" lease or "modified gross" lease, it is risky to assume the meanings of these terms. The precise meaning should be obtained in writing from the owner or broker.

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