The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.


Lease arrangement by a tenant, the lessee, to pay rent plus associated general expenses. A capital lease is a net lease but an operating lease is not. The lessee may pay for garbage collection, security, and utilities in a property lease. The lessee pays all maintenance, operating, associated leased equipment repair costs plus insurance and taxes in an equipment lease. Also refer to gross lease.

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