Property Management
In Virginia commercial leases, a tenant who pays a base rent plus a share of property taxes, insurance, and maintenance is in what type of lease?
AGross lease
BPercentage lease
CTriple net (NNN) lease✓ Correct
DGround lease
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus their proportionate share of property taxes, building insurance, and common area maintenance (CAM) expenses.
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