Property Management
A net lease in commercial real estate typically requires the tenant to pay:
AOnly base rent with no additional charges
BBase rent plus some or all of the property's operating expenses such as taxes, insurance, and maintenance✓ Correct
CA percentage of gross sales in lieu of rent
DRent on a month-to-month basis only
Explanation
In a net lease, tenants pay base rent plus some or all of the property's operating expenses. A triple net (NNN) lease requires tenants to pay base rent plus property taxes, insurance, and maintenance costs.
Related New York Property Management Questions
- In New York, a month-to-month residential tenancy is terminated by giving:
- In New York, the 'good cause eviction' law enacted in 2024 provides tenants in covered buildings the right to:
- In New York, a landlord must return a residential security deposit or provide an itemized statement of deductions within how many days after the tenant vacates?
- In New York, a 'percentage lease' in a commercial real estate context means the tenant pays:
- In New York, a 'vacancy decontrol' (now eliminated for rent-stabilized apartments by the HSTPA 2019) previously allowed landlords to:
- A New York City tenant who lives in a rent-stabilized apartment has a right to:
- In New York City, the 'J-51 tax exemption and abatement' program provides property tax benefits to owners of:
- In New York, a 'certificate of no harassment' is required in which circumstance?
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →