Property Management Licensing Practice Exam · Question
Sarah is a property manager for a retail plaza in Vancouver operating under triple net (NNN) leases. A snowstorm recently caused significant damage to the roof of one of the tenant's units, requiring immediate repairs. Under a standard NNN lease, which party is typically responsible for the cost of repairing the roof?
In a triple net lease, tenants are typically responsible for all operating expenses, including maintenance, repairs, insurance, and property taxes, which often
Start free practice for Property Management Licensing Practice Exam
259 questions · no signup required · 40 free questions per day
Question: Sarah is a property manager for a retail plaza in Vancouver operating under triple net (NNN) leases. A snowstorm recently caused significant damage to the roof of one of the tenant's units, requiring immediate repairs. Under a standard NNN lease, which party is typically responsible for the cost of repairing the roof?
Answer options: ✅ The tenant, as NNN leases pass structural repair costs to the tenant.
- The landlord, as roof repairs are generally considered capital expenditures covered by the landlord.
- The tenant, but only if the damage was caused by their negligence.
- The landlord, but the cost can be recovered through common area maintenance (CAM) charges.
Correct answer: The tenant, as NNN leases pass structural repair costs to the tenant.
Explanation: In a triple net lease, tenants are typically responsible for all operating expenses, including maintenance, repairs, insurance, and property taxes, which often extends to structural components like the roof.
Start free practice for Property Management Licensing Practice Exam
259 questions · no signup required · 40 free questions per day
More about Property Management Licensing Practice Exam
Related Questions
More for Property Management Licensing Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Property Management Licensing Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.