Property Management
A net lease in commercial property management means the tenant pays:
AOnly base rent with the landlord covering all expenses
BBase rent plus some or all property expenses (taxes, insurance, maintenance)✓ Correct
CA percentage of gross sales in addition to base rent
DMarket-rate rent adjusted quarterly
Explanation
In a net lease, the tenant pays base rent plus some or all operating expenses. A single net (N) lease adds property taxes; a double net (NN) adds taxes and insurance; a triple net (NNN) adds taxes, insurance, and maintenance—the most common commercial lease type.
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