What are the hallmarks of a Triple Net Lease?

A) Tenant pays base rent plus pro-rata share of some of the landlord's operating expenses

B) Tenant base base rent, plus some or all of the three "Net" expenses on the property in addition to any normal fees expected under the agreement.

C) The three "nets" include real estate taxes, common area maintenance and utilities, but excluded insurance.

D) The rent charged in the triple net lease is generally lower than a standard lease agreement because the tenant is covering costs that are otherwise the responsibility of the owner.

E) A & B

A lease where the lessor is responsible to pay rent, property taxes, insurance and maintenance costs is considered?

a. Absolute Lease

b. Gross Lease

c. Triple Net Lease

d. Single Net Lease

e. Double Net Lease

When is fair market value NOT part of the calculation for gain on foreclosure?

a. Recourse Mortgage

b. Non-Recourse Mortgage

c. Title 11 Case

d. Insolvency