A net lease is a type of rental agreement where the tenant agrees to pay not only the base rent but also additional expenses associated with the property. These expenses typically include property taxes, insurance, and maintenance costs. This arrangement allows landlords to have a more predictable income stream while shifting some financial responsibilities to the tenant. There are different types of net leases, including single net lease, double net lease, and triple net lease. In a single net lease, the tenant pays property taxes in addition to rent. A double net lease includes taxes and insurance, while a triple net lease requires the tenant to cover all operating expenses, making it the most comprehensive option for landlords.