Property Management
A Mississippi commercial lease that requires the tenant to pay all operating expenses, including property taxes, insurance, and maintenance, is called a:
AGross lease
BModified gross lease
CTriple net (NNN) lease✓ Correct
DPercentage lease
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus all three major operating expenses: property taxes, building insurance, and maintenance/repairs. It is common for standalone commercial properties and long-term retail leases.
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