Property Management
Vermont's 'net lease' for commercial tenants requires the tenant to pay:
AOnly base rent
BBase rent plus one or more categories of operating expenses (taxes, insurance, or maintenance)✓ Correct
CGross rent with all expenses included
DOnly utilities
Explanation
Net leases require tenants to pay base rent plus designated operating expenses. Single net (N) adds taxes; double net (NN) adds taxes and insurance; triple net (NNN) adds taxes, insurance, and maintenance.
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