Property Management
A North Dakota commercial lease with a 'triple net' (NNN) provision requires the tenant to pay:
AOnly base rent
BBase rent plus their pro-rata share of taxes, insurance, and maintenance✓ Correct
CUtilities only
DThree months' rent as a security deposit
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus their proportionate share of property taxes, insurance premiums, and common area maintenance (CAM) expenses. This structure is common for retail and industrial properties.
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