Property Management
A net lease used in Rhode Island commercial properties typically requires the tenant to pay:
ABase rent only, with no additional charges
BBase rent plus one or more of taxes, insurance, or maintenance expenses✓ Correct
CA percentage of the property's gross revenue
DRent based on the appraised value of the property
Explanation
A net lease requires the tenant to pay base rent plus one or more additional expenses such as property taxes, insurance, or maintenance. A triple-net (NNN) lease requires the tenant to pay all three.
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