This simply implies that the renter is basically accountable for all or part of the proportionate portions of taxes that are levied on the property they are in. You are also eligible of sharing liabilities, utilities, operating expenses and insurance. It also implies that as a renter, you are liable for janitorial services, utility payments and property taxes on your own property among others.
What Types Of Net Lease Do We Have?

Single net lease-
In this, a lessee accepts to part with a monthly fee of the rent. In addition, the lessee will be required to pay taxes on the property. Under this lease, all other operating expenditures, in and for the property, goes to the owner.

Double net lease-
Here, the lessee agrees to pay a base rent monthly. Other payments include: property insurance and taxes. But as regards all other property expenses, the owner is liable.

Triple net lease-
Property insurance, property taxes, maintenance fees, and monthly base rent are all paid by the lessee. The beauty of this lease is that there are major legal amnesties that if used, may reclaim the freedom of the lessee. In case there is an imminent procedural domain, the lessee may be exempted.
Bond lease-
This is also referred to as Absolute triple lease. In this, just like the preceding Triple net lease, the lessee is entitled to pay for virtually everything. From the property base fee that is every month, all property expenses, the insurance, maintenance of property tax and all the expenditures involved. The only difference, therefore is that there are no legal defenses that might save the lessee in case there is failure to honor the debt. If there is such a situation, the only solution is to pay all the dues that will have been incurred. This is costly and inconveniencing to the lessee.