Property Management
In Indiana, a commercial lease that includes a 'triple net' (NNN) provision means the tenant pays:
AOnly base rent with no other obligations
BBase rent plus their proportionate share of taxes, insurance, and operating expenses✓ Correct
CAll building expenses and no base rent
DNet rent after deducting operating losses
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus their proportionate share of property taxes, building insurance, and operating/maintenance expenses. NNN leases are common for commercial retail and industrial properties in Indiana.
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