Property Management
A commercial lease that requires the tenant to pay base rent plus a share of operating expenses (taxes, insurance, maintenance) is called a:
AGross lease
BNet lease✓ Correct
CPercentage lease
DGround lease
Explanation
A net lease (or modified net lease) requires the tenant to pay base rent plus some or all operating expenses (taxes, insurance, CAM charges). A triple net lease (NNN) passes virtually all expenses to the tenant.
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