Property Management
A New Jersey commercial lease with a 'triple net' (NNN) structure means the tenant pays:
AOnly base rent with no additional charges
BBase rent plus a share of property taxes, insurance, and maintenance expenses✓ Correct
CThree times the market rent rate
DUtilities only, with landlord paying all other costs
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus their proportionate share of three operating expenses: property taxes, building insurance, and common area maintenance (CAM). This is common in NJ commercial and retail properties.
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