A net lease requires the tenant to pay:
Why Base rent plus some or all operating expenses (taxes, insurance, maintenance) Is Correct
Answer B: Base rent plus some or all operating expenses (taxes, insurance, 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 California Questions
- A commercial property manager is negotiating a lease for a retail tenant. Which lease type requires the tenant to pay base rent plus a share of property taxes, insurance, and operating expenses?Property Management
- A gross lease for a commercial unit requires the tenant to pay $3,000 per month. The landlord pays all operating expenses, which total $900 per month. What is the landlord's effective net income from this lease per month?Property Management
- A triple net (NNN) lease requires the tenant to pay:Property Management
- An investor buys a rental property for $800,000. Annual gross rent is $72,000 and operating expenses are $24,000. What is the capitalization rate?Real Estate Math
- A tenant's lease expires and they remain in possession without signing a new lease, continuing to pay rent, which the landlord accepts. What type of tenancy has been created?Property Management
- A commercial property generates $15,000/month in gross rent. Vacancy is 8%, and operating expenses are $70,000/year. What is the annual NOI?Real Estate Math
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 California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →