Under a triple net (NNN) lease, the tenant is responsible for paying:
Why Base rent plus their proportionate share of taxes, insurance, and maintenance Is Correct
Answer C: Base rent plus their proportionate share of taxes, insurance, and maintenance
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related Alabama Questions
- A net lease where the tenant pays base rent plus property taxes, insurance, AND maintenance and repairs is called a(n):Property Management
- A commercial lease with a base rent plus operating expense pass-throughs is commonly called a(n):Property Management
- A net lease requires the tenant to pay:Property Management
- A gross lease requires the tenant to pay:Property Management
- A property management company collects first and last month's rent plus a security deposit from a new tenant. Which portion(s) must go into a trust account?Trust Funds
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →