Question: Which type of lease requires the tenant to pay rent plus a portion of the property's operating expenses (like taxes, insurance, and maintenance)?
Answer: Net Lease. A net lease is the type of lease where the tenant pays a base rent plus some or all of the property's operating expenses, including property taxes, insurance, and maintenance. Variations include single (N), double (NN), and triple net (NNN) leases, which increase the tenant's responsibility for costs.
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