Property Management
A New Mexico commercial landlord and tenant have a 'triple net' (NNN) lease. Under this lease type, the tenant pays:
ABase rent only
BBase rent plus their proportionate share of property taxes, insurance, and CAM expenses✓ Correct
CAll operating expenses plus owner's mortgage
DA percentage of gross sales only
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus three 'nets': property taxes, building insurance, and common area maintenance (CAM) — passing operating costs from the landlord to the tenant.
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