Meaning of “net rent” in the English Dictionary

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"net rent" in Business English

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net rentnoun [ C or U ]

uk us ACCOUNTING, PROPERTY

the amount received by the owner of property from rent, after tax, insurance, etc. have been paid:

The building generates $398,308 total net rent annually, from four tenants.

(Definition of “net rent” from the Cambridge Business English Dictionary © Cambridge University Press)