In a net lease, what additional expenses does the tenant typically have to cover in a triple net lease compared to a double net lease?

Study for the Nevada Property Management Test. Enhance your knowledge with flashcards and multiple choice questions. Each question offers hints and explanations. Prepare for your exam!

In the context of a triple net lease, tenants are responsible for covering three primary expenses in addition to the base rent: property taxes, insurance, and maintenance costs. In a double net lease, the tenant usually covers property taxes and insurance but the landlord often retains responsibility for maintenance and repairs.

Thus, the distinction between the two types of leases highlights that in a triple net lease, the tenant assumes the full responsibility for all these additional costs, including repairs and maintenance. This means the tenant is liable not only for the operating costs but also for maintaining the property itself, which can significantly impact their overall expenses compared to a double net lease where some of those costs would typically be managed by the landlord.

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