Property Management
A net lease (NNN) requires the tenant to pay:
AOnly a base rent with no other charges
BBase rent plus real estate taxes, insurance, and maintenance costs✓ Correct
CA percentage of gross sales to the landlord
DBase rent with the landlord paying all expenses
Explanation
A triple net (NNN) lease requires the tenant to pay a base rent plus three additional expenses: real estate taxes, property insurance, and maintenance/CAM costs. NNN leases are most common in commercial real estate.
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