Property Management
A triple net (NNN) lease requires the tenant to pay:
AOnly base rent
BBase rent plus utilities
CBase rent plus property taxes, insurance, and maintenance✓ Correct
DA percentage of gross sales as rent
Explanation
Under a triple net (NNN) lease, the tenant pays base rent plus their proportionate share of property taxes, building insurance, and maintenance expenses. NNN leases are common in commercial real estate and transfer most operating cost risk to the tenant.
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