Property Ownership
A Wyoming investor purchases a 'triple net leased' commercial property. From an ownership perspective, this means the investor:
AMust personally manage the property
BReceives net rental income with tenants responsible for taxes, insurance, and maintenance✓ Correct
CPays all operating expenses and collects gross rent
DOwns three separate properties under one deed
Explanation
In a triple net (NNN) leased commercial property, the tenant pays base rent plus their share of property taxes, building insurance, and maintenance expenses. This creates a relatively passive investment for the owner, who receives net income with few management obligations.
Related Wyoming Property Ownership Questions
- In Wyoming, riparian access to rivers and streams on private land:
- In Wyoming, a mechanic's lien may be filed by:
- More than 50% of Wyoming's land is owned by the federal government. BLM land is managed primarily for:
- In Wyoming, a tenancy in common means:
- A Wyoming homeowner's 'right of redemption' after a tax sale allows them to:
- An easement in gross in Wyoming benefits:
- In Wyoming ranch transactions, water rights must be:
- The Wyoming Condominium Act requires that a condominium be established by recording a:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →