Property Management
A commercial lease that requires the tenant to pay rent, utilities, and property taxes but the landlord pays for insurance and maintenance is a:
AGross lease
BNet lease (single net)
CDouble net lease (NN)✓ Correct
DTriple net lease (NNN)
Explanation
In a double net (NN) lease, the tenant pays base rent plus property taxes and insurance, but the landlord covers maintenance and structural repairs. A triple net (NNN) adds maintenance to the tenant's responsibilities.
Related Tennessee Property Management Questions
- In Tennessee, a tenant who abandons a rental unit without notice leaves the landlord with the duty to:
- In Tennessee, a landlord who changes the locks on a tenant's unit as a self-help eviction remedy is:
- In Tennessee, 'effective rent' differs from 'asking rent' because effective rent:
- Under the Tennessee Uniform Residential Landlord and Tenant Act (URLTA), how much notice must a landlord give before entering a tenant's dwelling for non-emergency repairs?
- In Tennessee, a commercial lease that specifies 'triple net' (NNN) means the tenant pays:
- In Tennessee, a property manager's fiduciary duty to the property owner does NOT include:
- Under URLTA in Tennessee, if a landlord fails to maintain habitable premises after proper notice, the tenant may:
- A Tennessee property manager receives a security deposit. Under URLTA, the manager must:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →