Property Management
In Louisiana, a 'net lease' where the tenant pays base rent plus property taxes only is called a:
AGross lease
BSingle net (N) lease✓ Correct
CDouble net (NN) lease
DTriple net (NNN) lease
Explanation
A single net lease (N) requires the tenant to pay base rent plus one operating expense — typically property taxes. A double net lease (NN) adds insurance. A triple net lease (NNN) adds maintenance as the third net.
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