Contracts
In Alaska, a 'net-net-net' or 'triple net' (NNN) lease most commonly provides that the tenant pays:
AOnly base rent with all expenses included
BBase rent plus property taxes, insurance, and maintenance expenses✓ Correct
COnly operating expenses, with no base rent
DA percentage of gross sales in lieu of fixed rent
Explanation
A triple-net (NNN) lease requires the tenant to pay base rent plus all three major operating expense categories: property taxes (first N), property insurance (second N), and maintenance/repairs (third N). This arrangement provides the landlord with a predictable net income stream with minimal management responsibility.
Related Alaska Contracts Questions
- In Alaska, a purchase agreement that includes a 'closing date extension' option typically allows:
- In Alaska, a residential lease that violates the Residential Landlord and Tenant Act by including an illegal provision is:
- What is the legal effect when a buyer and seller sign a purchase agreement?
- In Alaska, a 'rescission' of a real estate contract means:
- Under Alaska law, a buyer who defaults on a purchase agreement may face which remedies from the seller?
- An Alaska purchase agreement includes a home inspection contingency. The inspector finds a cracked heat exchanger in the furnace. The buyer requests the seller repair it. If the seller refuses, the buyer may:
- In Alaska, when a purchase agreement includes an 'earnest money' clause, the earnest money is intended to:
- An Alaska buyer includes a financing contingency in the purchase agreement. The buyer is unable to obtain a loan. The buyer is entitled to:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →