Legal Definitions - net rent

Definition: Net rent is the rental price for a property after all expenses, such as repairs, utilities, and taxes, have been paid.

For example, if a landlord charges $1,000 per month for rent, but they have to pay $200 for repairs, $100 for utilities, and $50 for taxes, then the net rent would be $650 ($1,000 - $200 - $100 - $50).

This means that the landlord is only making $650 per month in profit from the rental property.