The Law Dictionary

NET ESTATE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The sum of all property owned at death by the decedent less (or net of) liabilities or debts. … [Read more...]

NET INCOME

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Gross income less allowable expenses. … [Read more...]

NET LEASE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Lease for commercial real estate lease where the tenant pays for the space (as with a gross lease) and also part of the operating costs of the landlord. See also a triple net lease where the tenant pays the landlord's costs of the following three items: taxes, maintenance and insurance. Such a net lease favors the landlord because these items general never decrease, only … [Read more...]

Legal Disclaimer: The content appearing on our website is for general information purposes only. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. The law is also subject to change from time to time and legal statutes and regulations vary between states. It is possible that the law may not apply to you and may have changed from the time a post was made. All information available on our site is available on an "AS-IS" basis. It is not a substitute for professional legal assistance. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.