Contracts
In an Arizona commercial lease, a 'triple net (NNN) lease' means:
AThe landlord pays all expenses
BThe tenant pays base rent plus property taxes, insurance, and maintenance✓ Correct
CThe tenant pays only utilities in addition to rent
DThe lease involves three tenants sharing costs
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses, making it common in commercial real estate.
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