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| Net income
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The amount remaining when expenses are deducted from gross income. |
| Net income multiplier
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A factor representing a property's value as a multiple of net operating income. For example, a property with a market value of $1,000,000 and a net operating income of $100,000 has a net income multiplier of 10. |
| Net leasable area (nla)
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Floor space in a building that is actually under lease and able to be rented to tenants. None leasable space would be hallways, building foyers, areas devoted to utilities, elevators, etc. |
| Net lease
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Also referred to as a triple net lease, the lessee pays not only a fixed rental charge but also expenses on the rented property, including maintenance. |
| Net listing
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Listing agreement where the broker's commission is an amount above a net price set by the owner. If that price is not met, a commission is not earned. |
| Net long-term gain
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In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more and is reported on Schedule D of Form 1040 (for sole proprietors) or Form 1120 (for corporations). |
| Net loss
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The excess of total expenses over rental revenue for a real estate business. |
| Net metering
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The practice of using a single meter to measure consumption and generation of electricity by a small generation facility (such as a house with a wind or solar photovoltaic system). The net energy produced or consumed is purchased from or sold to the generator, respectively, at the same price. |
| Net operating income (noi)
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Income from property or business after operating expenses have been deducted, but before deducting income taxes and financing expenses (interest and principal payments). |
| Net payoff
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The amount paid to a creditor to pay off a loan or account. Any pre-computed charges or interest are deducted to determine the figure. |
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