Property Management
A Maine commercial tenant has a triple net (NNN) lease. In addition to base rent, the tenant pays:
AOnly utilities
BProperty taxes, building insurance, and maintenance costs✓ Correct
CBuilding insurance only
DCapital improvements and depreciation only
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses.
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