Property Management
In South Carolina, a 'triple net' (NNN) lease means the tenant pays:
ABase rent only
BBase rent plus property taxes, insurance, and maintenance expenses✓ Correct
COnly the utility costs
DA percentage of gross revenue in addition to base rent
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/repairs. NNN leases are common in commercial real estate and shift operating costs from landlord to tenant.
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