Net leases are least commonly associated with which type of property?

Net leases are typically characterized by tenants assuming some or all of the operating expenses associated with a property, such as property taxes, insurance, and maintenance costs, in addition to paying rent. These lease types are predominantly used in commercial and industrial settings because they allow property owners to minimize their financial risk and ensure a more stable cash flow.

Apartments, on the other hand, are generally leased under gross lease agreements, where landlords cover the property expenses and the tenants simply pay a flat rent. This approach is more common in residential leasing, as it simplifies the rental process for tenants who are less likely to have the financial stability or desire to manage additional costs like maintenance or property taxes associated with net leases. Therefore, net leases are least commonly associated with apartments among the given property types.