In a triple net lease, what combination of expenses does the tenant pay?

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Multiple Choice

In a triple net lease, what combination of expenses does the tenant pay?

Explanation:
In a triple net lease, the tenant bears three ongoing property costs beyond base rent: property taxes, building insurance, and maintenance (often called CAM). Property taxes are the local taxes assessed on the property. Building insurance covers the cost of insuring the structure and related liabilities. Maintenance covers repairs and upkeep of the building and common areas, and may include certain management fees. Utilities and other operating expenses are usually paid by the tenant separately and are not included in these three NNN charges. So the tenant is responsible for taxes, insurance, and maintenance, matching the combination described.

In a triple net lease, the tenant bears three ongoing property costs beyond base rent: property taxes, building insurance, and maintenance (often called CAM). Property taxes are the local taxes assessed on the property. Building insurance covers the cost of insuring the structure and related liabilities. Maintenance covers repairs and upkeep of the building and common areas, and may include certain management fees. Utilities and other operating expenses are usually paid by the tenant separately and are not included in these three NNN charges. So the tenant is responsible for taxes, insurance, and maintenance, matching the combination described.

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