Property Management
What is a triple net (NNN) lease?
AA lease covering three properties
BA lease where tenant pays base rent plus taxes, insurance, and maintenance✓ Correct
CA lease with three renewal options
DA lease requiring three months deposit
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus all three primary operating expenses: property taxes, building insurance, and maintenance/repairs. Common in retail and commercial real estate.
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