Property ManagementIntermediateDelaware Exam
A 'triple net lease' (NNN) in Delaware commercial real estate requires the tenant to pay:
ARent only, with the landlord paying all other expenses
BBase rent plus property taxes, insurance, and maintenanceCorrect
CRent plus a percentage of net sales
DOnly utilities and property taxes
Why Base rent plus property taxes, insurance, and maintenance Is Correct
Answer B: Base rent plus property taxes, insurance, and maintenance
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 favorable for landlords who receive a relatively fixed income.
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.
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