Net lease: A smart balance between costs and control
Explore how we can help businesses with their commercial lease requirements.
Contact our teamA net lease offers a distinct structure in commercial property agreements, providing tenants with more control over the operational costs of a property, while reducing the landlord’s financial burden.
This type of lease allows for greater financial transparency and predictability by shifting certain property expenses—such as taxes, insurance, and maintenance—away from the landlord. Net leases are common in commercial property arrangements, especially for long-term tenants looking for greater independence and landlords who prefer a stable, hands-off income stream.
At Moore Barlow, we understand that net leases can be complex, and getting the terms right is crucial. Our expertise in commercial property law ensures that your net lease is carefully crafted, providing clarity and security for both tenants and landlords.
Understanding net leases
A net lease refers to a type of commercial lease where the tenant not only pays rent but also contributes to other property-related costs. These costs can include property taxes, insurance, and maintenance, which are typically the responsibility of the landlord in other types of leases, such as a gross lease, where the tenant pays a flat rental fee only. The key advantage of a net lease is that it offers tenants greater control over the property’s operating costs, while landlords benefit from reduced financial responsibilities.
Net leases come in various forms. In a single-net lease, tenants are responsible for paying rent plus property taxes. In a double-net lease, tenants also cover the insurance premiums, while in a triple-net lease, the tenant assumes responsibility for all three costs: taxes, insurance, and maintenance. Each structure offers a different level of tenant involvement, with a triple-net lease placing the most obligations on the tenant but also offering them the most control over the property.
Richard Hughes
Partner | Commercial Property, Real Estate, Real Estate Finance
How we support your net lease needs
Moore Barlow’s role in guiding you through a net lease goes beyond simple contract review. We ensure that the lease agreement clearly outlines responsibilities, so both tenant and landlord understand their obligations. When you’re a tenant, it’s vital to ensure that the scope of your responsibilities is manageable, especially when it comes to maintenance and unexpected costs. As a landlord, you need a lease that protects your property’s value without tying you down to daily operational duties.
We help navigate the terms of rent reviews, ensure clear definitions around maintenance responsibilities, and offer advice on how to handle fluctuating costs such as property taxes and insurance premiums. By working closely with you, we ensure that the lease reflects a fair distribution of costs and safeguards your financial interests throughout the lease term. Whether negotiating new lease terms or addressing issues in an existing agreement, our legal team provides continuous support to ensure that all conditions are properly enforced.
Why choose Moore Barlow for your net lease?
When you choose Moore Barlow, you’re not just getting legal advice—you’re gaining a strategic partner who understands the intricacies of commercial property agreements. Our deep expertise in net leases means we anticipate potential risks and complexities, providing tailored solutions that ensure you’re fully protected. We are committed to delivering clear, practical advice that allows you to focus on your business or investment while leaving the legalities in safe hands.
Net leases come with their own set of challenges, especially when it comes to determining how costs are allocated over time. Moore Barlow’s client-first approach ensures that every aspect of your lease is considered and aligned with your long-term goals, offering you peace of mind and financial security.
Who we assist with net leases
Our expertise in net leases spans a diverse range of industries and clients. We work with landlords looking to reduce their management responsibilities by transferring operational costs to tenants, as well as tenants who are ready to take on those costs in exchange for greater control of the property. From large-scale commercial property developers to small businesses seeking a flexible space, we offer comprehensive legal support tailored to your specific needs.
Each of our clients receives personalised service, ensuring their lease terms suit the operational and financial demands of their business. Our focus is always on ensuring that the lease works for both parties, offering fairness, clarity, and long-term benefits.
Get in touch with us today
If you are considering a net lease or need expert advice on an existing agreement, Moore Barlow’s commercial property team is ready to assist. With our deep knowledge of net leases and commercial property law, we can provide you with the guidance and support necessary to make informed decisions. Contact us today to ensure your lease is structured for success, giving you the confidence to move forward with your business or investment plans.
Contact our commercial property team
Meet our team of commercial property solicitors
Jo Farr
Partner | Commercial Property, Real Estate, Land Development, Real Estate Finance
Richard Hughes
Partner | Commercial Property, Real Estate, Real Estate Finance
Julian Parkes
Partner | Commercial Property, Real Estate, Landed Estates and Farming
Callum Leary
Partner | Commercial Property, Real Estate, Real Estate Finance
Nellie van der Lande
Senior Associate | Commercial Property, Real Estate Finance, Rural Services
Sam Ho
Senior Associate | Commercial Property, Real Estate, Real Estate Finance
Sharon Mays
Senior Associate | Commercial Property, Real Estate, Land Development, Real Estate Finance
Nicola Donnelly
Associate | Real Estate, Plot Sales, Residential Property
Fiona Hampton
Chartered Legal Executive | Commercial Property, Land Development, Plot Sales
Helen Archibald
Consultant | Commercial Property, Real Estate, Land Development
Janice Taylor
Conveyancing Executive | Real Estate, Plot Sales, Residential Property
