Single Net Lease

What is Single Net Lease?

A single net lease is a type of commercial real estate lease where the tenant is responsible for paying property taxes in addition to the base rent. This arrangement places the burden of property tax payments solely on the tenant, making it different from other types of leases where the landlord may be responsible for these costs.

What are the Types of Single Net Lease?

There are two main types of single net leases:

Single Net Lease (N)
Single Net Lease (NN)

How to Complete Single Net Lease

Completing a single net lease involves several key steps to ensure a smooth transaction:

01
Negotiate terms with the landlord or property owner
02
Review and understand all clauses and responsibilities outlined in the lease agreement
03
Make sure property tax payment terms are clearly defined
04
Seek legal advice if needed to ensure all aspects of the lease are understood
05
Sign the lease agreement and keep a copy for your records

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