Property Management
In New York, a commercial lease that requires the tenant to pay a base rent plus a share of operating expenses, taxes, and insurance is called a:
AGross lease
BNet lease✓ Correct
CPercentage lease
DGround lease
Explanation
A net lease (or triple net/NNN lease) requires the tenant to pay base rent plus some or all operating expenses (taxes, insurance, maintenance). In a gross lease, the landlord pays these expenses from the gross rent.
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