Property Management
An Ohio industrial property is leased on a 'triple-net' basis. A new roof is needed. Under a true NNN lease, who pays for the roof replacement?
AThe landlord, because structural components are always the landlord's responsibility
BThe tenant, because a NNN lease typically requires the tenant to pay all building expenses including structural repairs✓ Correct
CThe tenant pays half and the landlord pays half
DThe local municipality
Explanation
In a true triple-net (NNN) lease, the tenant bears all building expenses including taxes, insurance, and maintenance — typically including structural repairs and roof replacement.
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