Usable floor area after deducting stairs, walls, and similar features.
Net free vent area
The area permitting unrestricted air flow.
Net generation
Equal to gross generation less electricity consumption of a power plant.
Net income
The amount remaining when expenses are deducted from gross income.
Net income multiplier
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)
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
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
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
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
The excess of total expenses over rental revenue for a real estate business.
