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31-01-2020
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Chris has a lease for which he pays the landlord $900.00 a month. Chris also pays the property taxes, hazard insurance, and maintenance expenses. This is an example of what type of lease?

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jepessoa jepessoa

02-02-2020

Answer:

Net lease

Explanation:

A net lease is a leasing agreement where the lessee (Chris) pays the regular lease payment (in this case monthly rent) plus a percentage of all the taxes, insurance fees and maintenance costs (in this case Chris pays 100%). Usually net leases are agreed for commercial real estate, not residential homes.

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