Property Management
In Maine, a 'net lease' in commercial property management means:
AThe landlord pays all operating expenses
BThe tenant pays base rent plus some or all operating expenses such as taxes, insurance, and maintenance✓ Correct
CThe rent amount is net of all taxes
DThe lease has no set termination date
Explanation
In a net lease, the tenant pays base rent plus some or all of the property's operating expenses (property taxes, insurance, maintenance). A triple-net (NNN) lease has the tenant paying all three major expense categories.
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