Property Management
In Kansas, what is a 'triple net lease' (NNN lease) and who pays operating expenses?
AA lease where the landlord pays all three: taxes, insurance, and maintenance
BA commercial lease where the tenant pays base rent plus property taxes, insurance, and maintenance costs in addition to utilities✓ Correct
CA lease with three separate renewal options
DA residential lease with three months' security deposit
Explanation
Under a triple net (NNN) lease, the tenant pays base rent plus their proportional share of property taxes, building insurance, and maintenance/repair costs. The landlord receives a 'net' rent essentially free of operating expenses.
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