Property Management
A net lease requires the tenant to pay:
AOnly base rent — the landlord covers all expenses
BBase rent plus some or all operating expenses (taxes, insurance, maintenance)✓ Correct
CA percentage of their gross sales
DOnly utilities
Explanation
In a net lease, the tenant pays base rent plus some operating expenses. A triple net (NNN) lease requires the tenant to pay base rent plus property taxes, insurance, and maintenance.
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