Property Management
A Colorado commercial lease 'triple net' (NNN) requires the tenant to pay:
AA. Only base rent
BB. Base rent plus their proportionate share of property taxes, insurance, and common area maintenance (CAM) costs✓ Correct
CC. Only utilities and maintenance
DD. Base rent plus a fixed monthly fee for all operating expenses
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus all three 'nets': property taxes (or their pro-rata share), building insurance (or their share), and common area maintenance (CAM) costs. This passes the variable operating expenses to the tenant, providing more predictable net income for the landlord.
Related Colorado Property Management Questions
- Colorado's 'warranty of habitability' (C.R.S. § 38-12-503) requires landlords to maintain residential premises that are:
- A Colorado HOA board has the authority to:
- Under Colorado's Residential Warranty Act for new construction, a builder typically provides a warranty covering:
- A Colorado HOA's reserve fund shortfall (inadequate reserves for future capital expenses) can affect property values by:
- When a Colorado property management agreement expires, the manager must:
- In Colorado, a tenant who pays rent late, causing the landlord to assess a late fee, is subject to:
- Under Colorado's 2023 security deposit law changes, the maximum time a landlord has to return a security deposit or provide an itemized deduction statement is:
- A Colorado property manager collects rent on behalf of an owner. This money must be:
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →