Property Management
In Tennessee, a commercial lease that specifies 'triple net' (NNN) means the tenant pays:
ABase rent only
BBase rent plus property taxes, insurance, and maintenance✓ Correct
CBase rent plus utilities only
DOne-third of the property's assessed value annually
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus all or most operating expenses, including property taxes, building insurance, and maintenance costs.
Related Tennessee Property Management Questions
- In Tennessee, the security deposit for an unfurnished residential unit may not exceed:
- Under the Tennessee URLTA, a landlord must give how much advance notice before entering a rental unit for non-emergency repairs?
- Which type of lease provides the most security for a tenant in terms of rent predictability?
- Under URLTA in Tennessee, if a landlord fails to maintain habitable premises after proper notice, the tenant may:
- In Tennessee, a property manager's fiduciary duty to the property owner does NOT include:
- In Tennessee, a residential property manager should conduct a move-in inspection with the new tenant primarily to:
- In Tennessee, a property management agreement is a contract between the property owner and the property manager that must include:
- A tenant in a Nashville commercial space wants to install custom interior improvements. The lease should address who owns the improvements when the lease terminates. This is called the:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →