Property Management
A net lease where the tenant pays base rent plus property taxes, insurance, AND maintenance and repairs is called a(n):
ASingle net (N) lease
BDouble net (NN) lease
CTriple net (NNN) lease✓ Correct
DAbsolute net lease
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus the three 'nets' — property taxes, insurance, and maintenance/repairs.
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