In a double net lease, the lessee is required to pay two of the three main property expenses. Which two are typically paid by the tenant?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards

From $25.99Unlock all

Prepare for the NYSTCE Family and Consumer Science Test with our study materials. Utilize flashcards and multiple choice questions with hints and explanations to excel in your exam!

Multiple Choice

In a double net lease, the lessee is required to pay two of the three main property expenses. Which two are typically paid by the tenant?

In a net lease arrangement, some ongoing property costs are shifted from the landlord to the tenant. A double net lease means the tenant takes on two of the three main property expenses: property taxes, property insurance, and maintenance. The typical setup is that the tenant pays property taxes and property insurance, while the landlord remains responsible for maintenance and major structural repairs. This is why property taxes and insurance are the two expenses the tenant usually covers in a double net lease. If the tenant were to pay maintenance instead of taxes, or if all three costs were paid by the tenant, that would be a different type of lease (maintenance shifted instead of taxes and insurance, or a triple net lease).

In a double net lease, the lessee is required to pay two of the three main property expenses. Which two are typically paid by the tenant?

Prepare for the NYSTCE Family and Consumer Science Test with our study materials. Utilize flashcards and multiple choice questions with hints and explanations to excel in your exam!

In a double net lease, the lessee is required to pay two of the three main property expenses. Which two are typically paid by the tenant?

Get the latest from Passetra