Property Management
In a South Dakota net lease, the tenant typically pays:
AOnly base rent with all expenses paid by landlord
BBase rent plus some or all of the operating expenses (taxes, insurance, maintenance)✓ Correct
CA percentage of gross sales with no base rent
DA fixed rent that covers all building expenses
Explanation
In a net lease, the tenant pays base rent plus some or all operating expenses. A triple net (NNN) lease has the tenant pay base rent, property taxes, insurance, and maintenance.
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