Property Management
A triple net (NNN) lease in Minnesota requires the tenant to pay:
AOnly the base rent
BBase rent plus property taxes, insurance, and maintenance expenses✓ Correct
CRent based on their revenue
DRent only during profitable months
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus their share of property taxes, building insurance, and maintenance. NNN leases are common in Minnesota commercial retail and industrial properties and shift most operating cost risk to the tenant. The landlord receives a relatively predictable net income.
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