Simple English definitions for legal terms
Read a random definition: cottier
Net rental: The money left over after all the expenses have been taken out of the total amount received from renting a property. It is the income received from rent, and a record of payments received from rent.
Definition: Net rental refers to the amount of rental income that remains after all expenses have been deducted from the gross rental income. It is the income received from rent.
Examples:
The examples illustrate that net rental income is the amount of rental income that a landlord or property owner actually receives after all expenses have been paid. It is important for property owners to calculate their net rental income to determine the profitability of their rental property.