Property Management
A NJ commercial lease requiring the tenant to pay base rent plus property taxes, building insurance, and maintenance costs is called a:
AGross lease
BNet lease (specifically a triple-net or NNN lease)✓ Correct
CPercentage lease
DGround lease
Explanation
A triple-net (NNN) lease requires the tenant to pay base rent plus all three 'nets': property taxes, building insurance, and maintenance/operating expenses. It is common in commercial real estate.
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