Chris has a lease for which he pays the landlord $900.00 a month. Chris also pays the property taxes, hazard insurance, and main

Question

Kaylis [27]

3 years ago

5

Chris has a lease for which he pays the landlord $900.00 a month. Chris also pays the property taxes, hazard insurance, and main

tenance expenses. This is an example of what type of lease?

Business

1 answer:

ladessa [460] · Answer 1 · 2022-05-24T14:21:37+03:00

Answer:

Net lease

Explanation:

A net lease is a leasing agreement where the lessee (Chris) pays the regular lease payment (in this case monthly rent) plus a percentage of all the taxes, insurance fees and maintenance costs (in this case Chris pays 100%). Usually net leases are agreed for commercial real estate, not residential homes.