Property Management
A 'triple net lease' (NNN) requires the tenant to pay:
ABase rent only, with the landlord paying all expenses
BBase rent plus property taxes, insurance, and maintenance expenses✓ Correct
CBase rent plus a percentage of gross sales
DThree times the market rent rate
Explanation
In a triple net lease (NNN), the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses. This shifts most financial risk from the landlord to the tenant and is common in commercial leases.
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