Contracts
A Minnesota commercial lease contains a 'triple net' (NNN) provision. Under this arrangement, the tenant pays:
AOnly base rent
BBase rent plus property taxes only
CBase rent plus property taxes, insurance, and maintenance✓ Correct
DAll property expenses including capital improvements
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus the three 'nets': property taxes, property insurance, and maintenance/operating expenses. NNN leases are common in Minnesota commercial real estate, particularly for retail strip centers and single-tenant properties.
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