Property Management
Which of the following best describes a gross lease in Hawaii property management?
AA. The tenant pays all operating expenses directly
BB. The landlord pays all operating expenses and the tenant pays a fixed rent✓ Correct
CC. The rent increases annually based on an index
DD. The tenant pays base rent plus a percentage of sales
Explanation
In a gross lease, the tenant pays a fixed rent and the landlord is responsible for all or most operating expenses such as taxes, insurance, and maintenance.
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