Property Management
In a triple net (NNN) lease common in New Mexico commercial properties, the tenant pays:
ABase rent only
BBase rent plus their share of taxes, insurance, and common area maintenance (CAM)✓ Correct
CA percentage of gross sales only
DAll utilities but no rent
Explanation
A triple net lease requires the tenant to pay base rent plus the three 'nets': property taxes, building insurance, and maintenance (CAM charges). This shifts operating cost risk to the tenant.
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