Question

In a net lease, the tenant is responsible for paying a clearly defined portion of the property's operating expenses. Based on your understanding of the standard definitions of "netness" in commercial leases, the tenant is responsible for which of the following in a net-net lease?

A) both property taxes and insurance
B) no operating expenses
C) all operating expenses
D) only property taxes

Answer 1

A

Step-by-step explanation:

net-net refers to 2 of the operating expenses in Commerical property. Triple Net refers to all of the taxes, maintenance and insurance or TMI