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Which of the following correctly describes how a triple-net (NNN) lease work? A. The tenant's net cost of lease is just the base rent and
Which of the following correctly describes how a triple-net (NNN) lease work? A. The tenant's net cost of lease is just the base rent and nothing else. B. In addition to base rent, the tenant must pay the agreed operating expense such as insurance and property tax directly to the insurance company and government on behalf of the landlord. C. The landlord must pay the operating expense such as insurance and property tax himself but is entitled to be reimbursed by the tenants according to the lease agreement. A B C None is correct
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