Property Management
A Texas industrial property manager must understand that industrial leases often contain a 'triple net' structure where the tenant pays:
AOnly the base rent
BBase rent plus property taxes, insurance, and maintenance expenses (the three 'nets')✓ Correct
CGross rent including all utilities
DBase rent plus a percentage of revenues
Explanation
In a triple net (NNN) industrial lease, the tenant pays base rent plus three additional 'nets': real property taxes, building insurance, and maintenance/operating expenses. This shifts virtually all ownership costs to the tenant.
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