Net Lease Agreement Cost

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 4,123 reviews

Jump to Section

Need help with a Net Lease?

Post Project Now

Post Your Project (It's Free)

Get Bids to Compare

 Hire Your Lawyer

What does a net lease agreement cost? You may ask this question if you are exploring different types of commercial lease agreements for your business. So let’s explore this question and review some general information about net lease agreements and what they entail.

How Much Does a Net Lease Agreement Cost?

A net lease agreement is a commonly used commercial lease agreement between a landlord and a tenant. There are several types of net leases, but all of them require the tenant to pay for additional expenses on top of the monthly rental rate.

Additional expenses include but are not limited to:

  • Utilities
  • Property taxes
  • Property insurance
  • Building repairs and maintenance
  • Landscaping
  • Snow removal

Net leases appeal to landlords who want a more hands-off approach to property management. For example, depending on the terms and conditions, the tenant could be entirely responsible for the commercial property, allowing the landlord to simply collect a rent payment each month.

Many property owners who use a net lease agreement choose to hire real estate lawyers to draft the contract. This ensures that the lease agreement contains all necessary terms, protects both parties, and is legally binding.

Based on ContractsCounsel’s marketplace data, the average cost of a net lease agreement is $507.22 across all states.

Types of Net Lease Agreements

There are four types of net leases used in commercial real estate.

  • Single Net Lease. Abbreviated as “N Lease,” a single net lease requires the tenant to pay rent and property taxes. This is the net lease with the least risk for the tenant because the taxes are paid through the landlord, who ensures that the tax payments are made on time.
  • Double Net Lease. A double net lease requires the tenant to pay rent, property taxes, and insurance. In addition, the landlord must pay for maintenance and repairs. Taxes and insurance are paid directly to the landlord.
  • Triple Net Lease. A triple net lease also called an “NNN lease,” is the most commonly used net lease in commercial real estate. Under an NNN, the tenant pays rent, property taxes, insurance, and all additional expenses, including maintenance. As a result, this lease provides landlords with the least responsibility for the property.
  • Modified Net Lease. A modified net lease has unique conditions in which the tenant pays additional expenses or a pro-rata share of costs.

What is Included in a Net Lease Agreement?

The terms in a net lease agreement will vary based on the property type, the type of net lease used, and the needs of both parties. Lease agreements are negotiable but must include the following basic information:

  • Party Information. Names, business names, and contact information of the landlord and the tenant.
  • Property Address. The address of the commercial property.
  • Property Description. The property description includes square footage and any areas included in the lease, like parking or shared restrooms.
  • Property Use. The use clause dictates how a tenant can use the property. It will include information about the tenant’s business and manner of operation.
  • Lease Term. The duration of the lease includes starting and end dates and whether there is a renewal option.
  • Rent Amount. The tenant will pay the landlord each month for the use of the commercial space.
  • Additional Expenses. A list of other expenses and which party will be responsible for paying them. This should also include how fees are paid. For example, if the tenant is responsible for insurance, will they pay the landlord or insurance company directly?
  • Security Deposit. Many lease agreements require a security deposit agreement to begin using the property. This section should also describe how the security deposit is returned to the tenant.
  • Signatures. The agreement needs to be signed by both parties to be legally binding, and many states will also require a notary certification.
Meet some lawyers on our platform

Karen S.

1 project on CC
View Profile

Ralph S.

2 projects on CC
View Profile

Benjamin E.

46 projects on CC
View Profile

Gregory F.

4 projects on CC
View Profile

Net Lease Agreement Projects

Net Lease Agreement Drafting

Net lease agreements can be complicated depending on the type of lease and how additional expenses will be paid, so this legally binding contract must be drafted correctly. Therefore, it is always recommended that a landlord hire an experienced attorney to draft their lease agreement. A lawyer will ensure that the agreement contains all necessary terms, articles, and conditions to protect both parties.

Before beginning the draft for a net lease agreement, a lawyer will meet with the property owner to go over the specifics of the property and discuss the type of net lease that works for the landlord and their rental goals.

Net Lease Agreement Review

Commercial lease agreements are long-term commitments that could affect a tenant’s business. Therefore, it is essential that a tenant thoroughly understands the terms and conditions of the lease and that the lease is fair. Before signing a net lease agreement, a tenant should consult with a lawyer to review the draft.

A lawyer will review the agreement in the tenant’s best interests. They will ensure that the tenant understands all the terms and that the agreement is fair and legally binding.

Net Lease Agreement Drafting Cost

When a property owner hires a lawyer to draft a net lease agreement, they will be charged for the lawyer’s time and services. This can include:

  • An initial consultation
  • Drafting time
  • Revisions
  • Follow-up meetings

ContractsCounsel’s marketplace data shows that the average net lease agreement drafting costs are $600.00 across all states.

Net Lease Agreement Review Cost

If a tenant hires a lawyer to review their net lease agreement, the tenant will be responsible for their legal fees. Legal fees will include consultations, the time the lawyer takes to review the lease agreement, and any necessary revisions or negotiations.

ContractsCounsel’s marketplace data shows that the average cost to review a net lease agreement is $495.63 across all states.

How Do Lawyers Charge for Net Lease Agreements?

Hourly Rates for Net Lease Agreements

Hourly rates are the most common way that attorneys charge for their time. The lawyer will provide an hourly rate to be approved by the client and log time in a timesheet.

When the lawyer is finished drafting the net lease agreement, and legal services have ended, they will invoice the client for their total time. This is the safest way for the lawyer to charge clients because they are covered if the project takes more time than expected.

ContractsCounsel’s marketplace data shows that the average hourly rate for a commercial real estate lawyer ranges from $200 - $350 per hour.

Flat Fee Rates for Net Lease Agreements

Flat fee billing structures are becoming more popular for contract drafting projects. Lawyers will provide the client with a flat fee for the requested services. The benefit of flat fee billing is that it gives the client certainty on the project's total cost.

It is important to ensure the client knows what’s included with the fee before starting the project, as it may not include revisions, negotiations, or consultations.

ContractsCounsel’s marketplace data shows the average flat fee rate for a net lease agreement is $507.22.

Get Help with a Net Lease Agreement

Do you need help with a net lease agreement project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from commercial real estate lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Lawyers

Orin K. on ContractsCounsel
View Orin
5.0 (3)
Member Since:
October 24, 2021

Orin K.

Partner
Free Consultation
New York
19 Yrs Experience
Licensed in NY
New York Law School

I'm an employment lawyer. I counsel and represent employees in all professions, from hourly workers to doctors and executives, and all in between. I also counsel and represent employers in many aspects of employment law.

Abhijit "Beej" D. on ContractsCounsel
View Abhijit "Beej"
5.0 (1)
Member Since:
October 25, 2021

Abhijit "Beej" D.

Managing Director
Free Consultation
Boston, MA
23 Yrs Experience
Licensed in MA, NY
University of Michigan Law School

Beej serves as counsel to innovators and entrepreneurs in a wide array of legal and business matters worldwide.

Scott S. on ContractsCounsel
View Scott
4.9 (14)
Member Since:
October 27, 2021

Scott S.

Attorney
Free Consultation
New York, NY
16 Yrs Experience
Licensed in NY
Benjamin Cardozo School of Law

Scott graduated from Cardozo Law School and also has an English degree from Penn. His practice focuses on business law and contracts, with an emphasis on commercial transactions and negotiations, document drafting and review, employment, business formation, e-commerce, technology, healthcare, privacy, data security and compliance. While he's worked with large, established companies, he particularly enjoys collaborating with startups. Prior to starting his own practice in 2011, Scott worked in-house for over 5 years with businesses large and small. He also handles real estate leases, website and app Terms of Service and privacy policies, and pre- and post-nup agreements.

Reuben O. on ContractsCounsel
View Reuben
Member Since:
October 22, 2021

Reuben O.

Senior Managing Attorney
Free Consultation
Seattle/Boise
14 Yrs Experience
Licensed in ID, WA
The University of Iowa

As an entrepreneur at heart, I enjoy working with business owners and executives on a variety of corporate matters, including mergers and acquisitions, corporate financing, corporate governance, public and private securities offerings, privacy regulation and early-stage corporate matters including formation. As a lawyer and business professional, I understand the value of providing personal service and focused legal answers to clients navigating a rapidly changing regulatory environment. Whether in Aerospace, Consumer Goods, or Technology, I find great success in work collaboratively with clients to strategical structure their business or implementing strategic growth-oriented financing opportunities.

Thaddeus W. on ContractsCounsel
View Thaddeus
Member Since:
October 22, 2021

Thaddeus W.

Principal
Free Consultation
Los Angeles, Ventura County, New York City
26 Yrs Experience
Licensed in CA, NY
University of Notre Dame Law School

Experienced legal counsel to entrepreneurs, small businesses, and investors. Advising clients starting, buying, selling, operating, financing, and investing in businesses // U.S. Army Veteran // Ironman Triathlete, Marathoner, Open Water Swimmer, USAT Triathlon Coach // Lover of Dogs, Cribbage, Craft Beer, Bourbon, and Cigars

Nichole C. on ContractsCounsel
View Nichole
Member Since:
October 22, 2021

Nichole C.

Attorney
Free Consultation
Kentucky
17 Yrs Experience
Licensed in KY
University of Louisville, Brandeis School of Law

Licensed attorney in KY and Federally JD, 2006 University of Louisville MBA, 2006 University of Louisville BS, 2001 Berea College Licensed Title Agent Arbitrator and Certified Mediator Business Consultant Adjunct Professor, Law and Business

Michelle F. on ContractsCounsel
View Michelle
Member Since:
January 24, 2022

Michelle F.

Attorney
Free Consultation
New York
5 Yrs Experience
Licensed in NY
Touro College Jacob D. Fuchsberg Law Center

I provide comprehensive legal and business consulting services to entrepreneurs, startups and small businesses. My practice focuses on start-up foundations, business growth through contractual relationships and ventures, and business purchase and sales. Attorney with a demonstrated history of working in the corporate law industry and commercial litigation. Member of the Bar for the State of New York and United States Federal Courts for the Southern and Eastern Districts of New York, Southern and eastern District Bankruptcy Courts and the Second Circuit Court of Appeals. Skilled in business law, federal court commercial litigation, corporate governance and debt restructuring.

Steve C. on ContractsCounsel
View Steve
Member Since:
October 26, 2021

Steve C.

Principal | Attorney
Free Consultation
Irvine
24 Yrs Experience
Licensed in CA
Loyola Law School

I am a corporate and business attorney in Orange County, CA. I advise start-ups, early-growth companies, investors, and entrepreneurs in various sectors and industries including technology, entertainment, digital media, healthcare, and biomedical.

Oscar B. on ContractsCounsel
View Oscar
Member Since:
October 28, 2021

Oscar B.

Attorney
Free Consultation
Saint Petersburg, FL
21 Yrs Experience
Licensed in FL
Stetson University, College of Law

Oscar is a St. Petersburg native. He is a graduate of the University of Florida and Stetson University, College of Law. A former US Army Judge Advocate, Oscar has more than 20 years of experience in Estate Planning, Real Estate, Small Business, Probate, and Asset Protection law. A native of St. Petersburg, Florida, and a second-generation Gator, he received a B.A. from the University of Florida and a J.D. from Stetson University’s College of Law. Oscar began working in real estate sales in 1994 prior to attending law school. He continued in real estate, small business law, and Asset Protection as an associate attorney with the firm on Bush, Ross, Gardner, Warren, & Rudy in 2002 before leaving to open his own practice. Oscar also held the position of Sales & Marketing Director for Ballast Point Homes separately from his law practice. He is also a licensed real estate broker and owner of a boutique real estate brokerage. As a captain in the US Army JAG Corps, he served as a Judge Advocate in the 3rd Infantry Division and then as Chief of Client Services, Schweinfurt, Germany, and Chief of Criminal Justice for the 200th MP Command, Ft. Meade, Maryland. He is a certified VA attorney representative and an active member of VARep, an organization of real estate and legal professionals dedicated to representing and educating veterans. Oscar focuses his practice on real small business and asset protection law.

Rachael D. on ContractsCounsel
View Rachael
Member Since:
October 28, 2021

Rachael D.

Attorney
Free Consultation
New York
11 Yrs Experience
Licensed in NY
Touro Law

We help simplify every transaction and provide a superior level of customer service to create long lasting and trusted relationships with our clients. Our goal is to guide our clients with practical and zealous legal representation and eliminate the difficult nature of any legal transaction.

Find the best lawyer for your project

Browse Lawyers Now

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call