Real Estate Math
A tenant's annual rent under a net lease is $24,000. Property taxes are $4,800, insurance is $1,200, and maintenance is $3,600 per year. In a triple-net lease, how much does the tenant pay annually?
A$24,000
B$28,800
C$33,600✓ Correct
D$30,000
Explanation
Triple net (NNN) lease: Tenant pays base rent + taxes + insurance + maintenance = $24,000 + $4,800 + $1,200 + $3,600 = $33,600.
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