Property Management
A 'triple net' (NNN) lease requires the commercial tenant to pay:
AA. Only the base rent
BB. Base rent plus property taxes, insurance, and maintenance costs✓ Correct
CC. Rent plus a percentage of gross sales
DD. Monthly rent and utility costs only
Explanation
In a triple net lease, the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses. This shifts most property costs from landlord to tenant.
Related Georgia Property Management Questions
- In Georgia, the Condominium Act (OCGA Title 44, Chapter 3) governs:
- Under Georgia law, a landlord must return the security deposit or provide an itemized deduction list within 30 days. If the landlord fails to do so, the landlord may be liable for:
- The 'break-even ratio' for an investment property represents:
- A net operating income (NOI) for a property is calculated BEFORE deducting:
- In commercial leasing, 'usable square footage' differs from 'rentable square footage' in that:
- A property manager who hires contractors for repairs exceeding the authorized spending limit must:
- A 'gross lease' for commercial property means the tenant pays:
- Under Georgia's Security Deposit statute, a landlord must return a tenant's security deposit or provide an itemized statement of deductions within how many days after move-out?
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →