Contracts
In Maine, a 'triple net lease' (NNN) in commercial real estate requires the tenant to pay:
AThree times the monthly base rent
BBase rent plus property taxes, insurance, and maintenance expenses✓ Correct
COnly the net rent after utility deductions
DRent in three equal annual installments
Explanation
In a NNN (triple net) lease, the tenant pays base rent plus the three major operating costs: property taxes, building insurance, and maintenance/operating expenses. This passes most ownership costs to the tenant.
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