Property Management
A Florida property manager handles a commercial property with a triple net (NNN) lease. Under a NNN lease, the tenant pays:
ABase rent only
BBase rent plus property taxes, building insurance, and maintenance/CAM charges✓ Correct
COnly operating expenses, no base rent
DBase rent plus one of three expense categories
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus three 'nets': property taxes, building insurance, and maintenance/common area maintenance (CAM) charges. It passes most operating costs to the tenant.
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