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Lyrx [107]
1 year ago
7

The tenant has signed a lease in which she will pay a base rent of $1,000 per month plus a portion of the building expenses. thi

s lease is most likely?
Business
1 answer:
Rzqust [24]1 year ago
8 0

This type of lease is known as net lease.

The term net lease refers to a contractual agreement where a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent. Net leases are commonly used in commercial real estate.

In the purest form of a net lease, the tenant is expected to pay for all the costs related to a piece of property as if the tenant were the actual owner. A net lease is the opposite of a gross lease, where the tenant pays a flat rental fee while the landlord is responsible for the other costs.

To learn more about net lease here

brainly.com/question/14996201

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