In a net lease, the tenant is responsible for paying a clearly defined portion of the property's operating expenses. Based on your understanding of the standard definitions of "netness" in commercial leases, the tenant is responsible for which of the following in a net-net lease?

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Quizplus · Accepted Answer

In a net-net (double net) lease, the tenant is responsible for paying both property taxes and insurance, in addition to rent. This is a step up from a single net lease, where the tenant would only be responsible for property taxes.

In a Net Lease, the Tenant Is Responsible for Paying