Under the terms of a net lease, a commercial tenant would usually be responsible for paying all of the following property expenses EXCEPT A) real estate taxes. B) mortgage debt service. C) maintenance expenses. D) fire and extended coverage insurance

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20-01-2022
Business

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Under the terms of a net lease, a commercial tenant would usually be responsible for paying all of the following property expenses EXCEPT A) real estate taxes. B) mortgage debt service. C) maintenance expenses. D) fire and extended coverage insurance

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ayfat23 ayfat23 · Answer 1 · 2022-01-31T12:21:56+01:00

It should be noted that Under the terms of a net lease, a commercial tenant would usually be responsible for paying all of the following property expenses except mortgage debt.

What is net lease ?

net lease can be regarded as contractual agreement where the portion of a tax is been paid by lessee as well as maintenance costs for a property in addition to rent.

Therefore, commercial tenant would usually be responsible for paying extended coverage insurance.

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