Contracts
In Alaska, a 'net lease' in commercial real estate means the tenant pays:
AA single monthly amount that covers all expenses
BBase rent plus some or all of the operating costs (taxes, insurance, maintenance)✓ Correct
COnly the operating costs, with no base rent
DA percentage of their gross sales
Explanation
In a net lease, the tenant pays base rent plus some or all of the operating expenses — property taxes (N), insurance (NN), and maintenance (NNN). In a triple-net (NNN) lease, the tenant is responsible for all three, giving the landlord a predictable net income stream.
Related Alaska Contracts Questions
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