Property Management
A net lease differs from a gross lease because in a net lease:
AThe landlord pays all operating expenses
BThe tenant pays some or all operating expenses in addition to base rent✓ Correct
CRent is based on a percentage of the tenant's sales
DThe lease term is shorter than a gross lease
Explanation
Under a net lease, the tenant pays base rent plus some or all operating expenses (taxes, insurance, maintenance). A triple net (NNN) lease requires the tenant to pay all three major expense categories.
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