Question

xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real estate taxes and premiums for insuring the building. what type of lease did xyz company sign...?

Answer 1

If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is: Double net lease.

What is Double net lease?

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

Therefore the type of lease xyz company sign is: Double net lease.

Learn more about  double net lease here:brainly.com/question/14244511

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