Property Management
In a triple net (NNN) lease on a Texas commercial property, the tenant is responsible for:
ABase rent only
BBase rent plus a share of property taxes, insurance, and maintenance✓ Correct
COnly utilities and maintenance
DBase rent plus a percentage of gross receipts
Explanation
In a triple net lease, the tenant pays base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses. This shifts most ownership costs to the tenant.
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