Property Ownership
A net lease requires the tenant to pay:
AOnly base rent
BBase rent plus some or all of the property's operating expenses✓ Correct
CA percentage of sales as rent
DThe market rate rent as determined by appraisal each year
Explanation
Under a net lease, the tenant pays base rent plus some portion of operating expenses (taxes, insurance, maintenance). A triple-net (NNN) lease requires the tenant to pay base rent plus all three of taxes, insurance, and maintenance.
Related Arkansas Property Ownership Questions
- A quitclaim deed conveys:
- The NW 1/4 of Section 12 in the government survey system contains how many acres?
- A pur autre vie life estate is measured by:
- Water rights associated with land adjacent to a river are called:
- Which of the following is typically considered personal property (not a fixture) in a real estate sale?
- Which of the following is an example of appurtenant real property?
- A covenant running with the land is:
- A license (as a real property interest) is:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →