Property Management
In New York, a 'net-net-net' (triple net) lease requires the commercial tenant to pay:
AOnly base rent
BBase rent plus property taxes, building insurance, and maintenance/operating expenses✓ Correct
CRent calculated as a percentage of gross sales
DRent adjusted annually for inflation only
Explanation
A triple-net (NNN) lease requires the tenant to pay base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses. The landlord receives a relatively fixed net rent with few variable expenses.
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