Property Management
An Oregon commercial lease is typically negotiated between parties and may include a 'triple net' (NNN) lease. In a triple net lease:
AThe landlord pays all property expenses
BThe tenant pays base rent plus property taxes, insurance, and maintenance expenses✓ Correct
CBoth parties share expenses equally
DThe tenant pays only property taxes in addition to base rent
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus three additional expenses: property taxes, building insurance, and maintenance/operating costs. This is common in commercial retail leases and transfers most operating risk to the tenant.
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