Property Management
In Hawaii, a 'triple net' (NNN) lease means the tenant pays:
AA. Three times the market rent
BB. Base rent plus their proportionate share of property taxes, insurance, and maintenance✓ Correct
CC. Only the net profit from the property
DD. Base rent plus utilities only
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus property taxes, building insurance, and maintenance costs, making the landlord's income more predictable.
People Also Study
Related Hawaii Questions
- When a Hawaii tenant fails to pay rent, the landlord must provide written notice before filing for eviction. What is the minimum notice required?Property Management
- In Hawaii, 'community property' rules apply:Property Ownership
- In Hawaii, 'source of income' is a protected class under state fair housing law. This means a landlord may NOT refuse to rent to a tenant because they:Fair Housing
- In Hawaii, a commercial lease where the tenant pays base rent plus a percentage of gross sales is called a:Property Management
- A Hawaii commercial tenant signs a 'triple net' (NNN) lease. The landlord discovers roof damage requiring a $50,000 repair. Who pays under an NNN lease?Property Management
- A Hawaii commercial tenant pays base rent of $5,000/month plus 4% of gross sales. If monthly sales are $80,000, what is the total monthly rent?Real Estate Math
- A Hawaii buyer's monthly principal and interest payment is $3,200. Annual property taxes are $4,800 and homeowner's insurance is $2,400. What is the total monthly PITI payment?Real Estate Math
- A Hawaii landlord refuses to rent to a tenant because English is not their primary language. This could be discrimination based on:Fair Housing
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
Study This Topic
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →