Property Management
In a net lease, the tenant is responsible for:
AOnly the base rent with no additional expenses
BBase rent plus some or all of the property's operating expenses✓ Correct
CAll improvements and renovations to the property
DThe landlord's mortgage payment
Explanation
In a net lease, the tenant pays base rent plus some or all property operating expenses such as taxes, insurance, and maintenance. Triple net leases (NNN) require the tenant to pay all three: taxes, insurance, and maintenance.
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