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borishaifa [10]
1 year ago
9

ralph leases 1,000 square feet in a large warehouse. the lease agreement requires him to pay portions of the landlord's taxes, i

nsurance, and maintenance, in addition to the amount he pays to lease the space. what type of lease does ralph have?
Business
1 answer:
labwork [276]1 year ago
3 0

A sizable warehouse that Ralph rents out has 1,000 square feet. In addition to the amount he pays to lease the space, the lease requires him to contribute to the landlord's taxes, insurance, and maintenance costs. Ralph has Three-year net lease.

What is a lease example?

the length of the contract's term or duration. To lease anything is to provide someone a lease on it or to consent to renting someone else's property. When you rent out your apartment to a tenant, that is an example of a lease. When you choose to rent an apartment to live in, that is an instance of a lease.

A Net Lease:

What Is It?

The phrase "net lease" describes a legal arrangement in which, in addition to the rent, the lessee also pays some or all of the property's taxes, insurance premiums, and upkeep expenses. The commercial real estate industry frequently employs net leases.

To know more about Net Lease

brainly.com/question/26052885

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The correct option is C

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