Property Management
A South Dakota commercial tenant on a triple net (NNN) lease is responsible for paying:
AOnly base rent
BBase rent plus a share of property taxes, insurance, and maintenance✓ Correct
CGross rent including all expenses
DOnly utilities and minor maintenance
Explanation
In a triple net (NNN) lease, the tenant pays base rent plus their proportionate share of the three 'nets': property taxes, building insurance, and operating/maintenance expenses.
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