Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.
Net Lease means a lease under which the bank will not, directly or indirectly, provide or be obligated to provide for:
Net Lease means a lease which requires the tenant to coordinate and pay directly all real estate taxes, sales and use taxes, utilities, insurance and other operating expenses relating to the leased property. In addition, except to the extent that compensation for leasing services is specifically included in the foregoing property management fees, Owner shall also pay Manager a separate fee for the leases of new tenants and renewals of leases with existing tenants in an amount not to exceed the fee customarily charged by others rendering similar services in the same geographic area; provided, however, that in no event may the aggregate of all property management fees and leasing fees paid to Manager exceed six percent (6.0%) of Gross Revenues, and further provided that the foregoing limitation is not intended to preclude the payment of a separate competitive fee for the one-time initial rent-up or leasing-up of a newly constructed property or the total rehabilitation of a property if such service is not included in the purchase price of the property. The fees payable hereunder shall be paid on a monthly basis from the rental income received from the Properties over the term of this Management Agreement. Manager's compensation under this Section 5.1 shall apply to all renewals, extensions or expansions of Leases that Manager has originally negotiated. In the event Manager assists with planning and coordinating the construction of any tenant-paid finish-out or improvements, Manager shall be entitled to receive from any such tenant an amount equal to not greater than five percent (5.0%) of the cost of such tenant improvements.
Examples of Net Lease in a sentence
Excludes non-controlling interest in New Mountain Net Lease Corporation (“NMNLC”).
The undersigned, who are the Chief Executive Officer and Chief Financial Officer of Global Net Lease, Inc.
Net Lease Disclaimer – There are many different types of leases, including gross, net, single net (“N”), double net (“NN”), and triple net (“NNN”) leases.
I have reviewed this Quarterly Report on Form 10-Q of Broadstone Net Lease, Inc.
Execute for and on behalf of the undersigned, in the undersigned's capacity as an officer or director of Broadstone Net Lease, Inc.
More Definitions of Net Lease
Net Lease means a lease under which the national bank will not, di- rectly or indirectly, provide or be obli- gated to provide for:
Net Lease means a written agreement between a lessor and lessee under the terms of which the lessee is entitled to the possession, use or occupancy of the whole or part of any premises from any authorized games of chance lessor for which the lessee pays rent to the lessor.
Net Lease means each of the Leases listed on Schedule N.
Net Lease. This Agreement is a net lease. Lessee's obligations under this Agreement are absolute and unconditional irrespective of any contingency whatsoever including (but not limited to):-
Net Lease means that certain Second Amended and Restated Agreement of Lease, 39 dated as of July 16, 2001, as amended to date, by and between the Port Authority, as lessor, and Landlord, 1 as lessee, as the same may hereafter be modified, amended, revised, restated or supplemented from time
Net Lease. (Article 2) Landlord and Tenant acknowledge and agree that this is an “absolute net lease” and that Landlord shall receive the Base Rent during the Term, free from all charges, assessments, impositions, expenses and deductions of any and every kind or nature whatsoever relating to the Premises. Landlord shall have no obligations relating to the repair, maintenance or operation of the Premises, or any part thereof. Tenant shall be solely responsible for same.
Net Lease means a lease or other contract under which the owner provides equipment to a lessee or other operator in return for a payment, and the lessee assumes all obligations and pays for the operation, repair, maintenance and insuring of the equipment.