What does Absolute Net mean?

A type of commercial lease agreement in which the tenant is responsible for all expenses related to the property, including property taxes, insurance, and maintenance. This type of lease gives the landlord the security of a fixed income and eliminates the need to worry about property expenses. Absolute net leases are typically used for properties that are fully leased to a single tenant, such as a shopping center or office building.

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Reverse Mortgage Low-Documentation Loan Gross Income Document Needs List Before-Tax Income Contingencies Term Beginning Money Market Funds Encroachment No-Competition Lots Cooperative Project Adverse Use Real Estate Attorney Income Property Rehabilitation Mortgage Dropped Ceiling Contract of Sale Title