Property Management
A Seattle commercial tenant holds a triple net (NNN) lease. Under a NNN lease, the tenant is responsible for paying:
AOnly base rent
BBase rent plus utilities only
CBase rent plus property taxes, insurance, and maintenance✓ Correct
DAll building expenses including capital improvements
Explanation
A triple net (NNN) lease requires the tenant to pay base rent plus the three 'nets': property taxes, building insurance, and maintenance/operating expenses. This shifts operating costs from the landlord to the tenant.
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