ContractsCounsel Logo

Net Lease Agreement Cost

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 7,528 reviews
Home Blog Net Lease Agreement Cost

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

Zachary J.

185 projects on CC
View Profile

Gregory B.

138 projects on CC
View Profile

Brian R.

1 project on CC
View Profile

Daehoon P.

159 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

Nicholas M. on ContractsCounsel
View Nicholas
5.0 (6)
Member Since:
June 1, 2023

Nicholas M.

Free Consultation
Providence, Rhode Island
13 Yrs Experience
Licensed in CT, NC, RI
The Catholic University of America, Columbus School of Law

Nicholas Matlach is a cybersecurity expert (CISSP) and an attorney who is dedicated to helping small businesses succeed. He is a client-focused professional who has a deep understanding of the challenges that small businesses face in the digital age. He also provides legal counsel to small businesses on a variety of issues, including formation, intellectual property, contracts, and employment law.

Connie C. on ContractsCounsel
View Connie
5.0 (6)
Member Since:
June 14, 2023

Connie C.

Free Consultation
9 Yrs Experience
Licensed in TN
Nashville School of Law

Connie Chadwick is an attorney who represents clients in the Spring Hill, Tennessee area. Connie chose to pursue a career in law after completing undergraduate studies at Lipscomb University in Nashville, Tennessee. She attended Nashville School of Law and graduated in 2014. Connie Chadwick passed the bar exam and was admitted to legal practice in 2014. She represents clients with Family Law issues in Tennessee. She also represents clients with Estate Planning, Business transactions, Contracts and Real Estate. Connie Chadwick is recognized by peers and was selected to SuperLawyers Rising Stars for 2017 - 2022. This selection is based off of an evaluation of 12 indicators including peer recognition and professional achievement in legal practice. Being selected to Rising Stars is limited to a small number of attorneys in each state. As one of the few attorneys to garner the distinction of Rising Stars, Connie Chadwick has earned the respect of peers as one of the top-rated attorneys in the nation.

Steven W. on ContractsCounsel
View Steven
Member Since:
June 2, 2023

Steven W.

Free Consultation
Charlotte, North Carolina
2 Yrs Experience
Licensed in NC
North Carolina Central University

Attorney Steven Wax is ardent about helping his clients. Whether creating personalized estate plans, drafting and negotiating contracts or other legal matters. Steven’s goal is to assist and counsel his clients to protect them and their loved ones. Steven grew up on Long Island, New York. He attended the University of Massachusetts in Amherst earning a BS in Sport Management. He earned his paralegal certificate at Duke University and earned his Juris Doctorate from North Carolina Central University School of Law in Durham, NC. Steven has an extensive legal career in the life science sector, working for some of the world’s largest Contract Research Organizations since 2013. Steven has negotiated a broad range of contracts for both businesses and individuals. Steven participated in the NCCU Elder Law Project, where he prepared wills, durable powers of attorney, living wills, and health care powers of attorneys for low/fixed income clients in Durham and surrounding counties. Steven finds meaningful ways to share his skills and passion with his community. Steven volunteers his time to Wills for Heroes, which provides no-cost estate planning documents to first responders and their families, through the NC Bar Foundation.

William W. on ContractsCounsel
View William
Member Since:
June 6, 2023

William W.

Principal Attorney
Free Consultation
St. Louis
3 Yrs Experience
Licensed in MO
Saint Louis University School of Law

My name is Will, and I'm the Principal Attorney at Accelerate Law STL, a startup attorney who helps entrepreneurs and small businesses with everything from formation to IPO. Whether your small to mid-sized business needs help drafting or reviewing contracts, securing intellectual property, complying with government regulations, or even streamlining your business' internal policies, I'm prepared to help.

Kelly S. on ContractsCounsel
View Kelly
Member Since:
June 18, 2023

Kelly S.

Real Estate Counsel
Free Consultation
Portland, Oregon
22 Yrs Experience
Licensed in OR
Saint Louis University School of Law

I am a commercial real estate transactional law attorney with 20 years of in-house and private firm experience. My career has focused on primarily on supporting the acquisition, leasing, and asset management teams of a variety of global and national real estate owners, developers and tenants.

Gaille G. on ContractsCounsel
View Gaille
Member Since:
June 12, 2023

Gaille G.

Corporate Leasing Counsel
Free Consultation
Miramar, Florida
10 Yrs Experience
Licensed in FL
St. Thomas University-JD

I specialize in reviewing, drafting and negotiating commercial real estate contracts. I have over 10 years of experience in the areas of cell tower leases and retail shopping center leases.

Cannon M. on ContractsCounsel
View Cannon
Member Since:
June 12, 2023

Cannon M.

Free Consultation
Oklahoma City, Oklahoma
3 Yrs Experience
Licensed in OK
Oklahoma City University School of Law

I am an Oklahoma-licensed lawyer with a focus on guiding startup companies through important early-stage questions, such as entity formation, corporate governance, and fundraising. In my previous role, I drafted Form 1-A offering circulars, Form C offering circulars, and private placement memoranda for startups seeking to raise capital.

Find the best lawyer for your project

Browse Lawyers Now
Learn About Contracts
See More Contracts
other helpful articles

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer


Want to speak to someone?

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

Request a call

Find lawyers and attorneys by city