Property Management
A 'triple net lease' (NNN) in Florida commercial real estate means the tenant pays:
ABase rent only
BBase rent plus property taxes, insurance, and maintenance costs✓ Correct
CBase rent plus utilities only
DThree months' rent as security deposit
Explanation
In a triple net (NNN) lease, the tenant pays base rent PLUS the three 'nets': property taxes, building insurance, and maintenance/operating expenses. NNN leases are common in Florida commercial and retail properties.
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