Practice Of Real EstateProperty ManagementMEDIUM
If a lease requires the tenant to pay certain expenses such as taxes, maintenance or insurance in addition to the rent, the lease is classified as a(n):
Correct Answer
C) percentage lease.
A net lease requires the tenant to pay some or all property expenses beyond base rent.
Answer Options
A
gross lease.B
net lease.C
percentage lease.D
estate for will.Video Explanation2 min
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Related Topics & Key Terms
Related Topics:
commercial-lease-typeslandlord-tenant-rightsproperty-management-financialsretail-lease-structures
Key Terms:
net leasetriple netgross leasepercentage leaseoperating expenses
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