WORD OF THE DAY
Net Rent
The amount a tenant will pay to a lessor or landlord in addition to the rent, which also covers some or all property expenses, and is specified within the lease. Typically used with commercial rental properties, and can be “pro-rated” based on the size of the leased property. With multifamily rental units, a tenant’s rent is adjusted to reflect utilities and/or amenities paid for by the landlord.
