What is a 'net-net lease' (double net) in Delaware commercial real estate?
Why A lease where the tenant pays rent plus property taxes and insurance, with the landlord responsible for structural repairs Is Correct
Answer A: A lease where the tenant pays rent plus property taxes and insurance, with the landlord responsible for structural repairs
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 Delaware Questions
- A Delaware landlord's right to enter a rental unit for non-emergency repairs requires giving the tenant how much notice?Property Management
- A gross lease is one where the tenant pays:Property Management
- A Delaware property generates $3,200 per month in rent. The mortgage payment (P&I) is $1,800/month, property taxes are $250/month, insurance is $100/month, and maintenance averages $200/month. What is the monthly cash flow?Real Estate Math
- A Delaware commercial tenant leases 4,500 square feet at $22/sq ft/year NNN. Monthly base rent is:Real Estate Math
- A Delaware commercial lease has a base rent of $18 per square foot per year for 3,500 square feet. What is the monthly rent?Real Estate Math
- A Delaware owner earns $3,600/month rent. Monthly expenses: mortgage $1,800, taxes $350, insurance $120, maintenance $230. What is the monthly cash flow?Real Estate Math
- The Delaware Residential Landlord-Tenant Code requires a landlord to return a tenant's security deposit within:Property Management
- In Delaware, a landlord who fails to make necessary repairs after proper notice from the tenant may face:Property Management
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 Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →