Quebec Real Estate Licensing Exam Practice · Question
Sophie, a real estate broker, is preparing a lease for a commercial space in downtown Montréal. Her client, the landlord, wants the tenant to be responsible for all property operating expenses, including property taxes, insurance, and maintenance, in addition to the base rent. Which type of lease best describes this arrangement?
A Triple Net (NNN) lease requires the tenant to pay base rent plus all three 'nets': property taxes, insurance, and common area maintenance (CAM), making them r
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Question: Sophie, a real estate broker, is preparing a lease for a commercial space in downtown Montréal. Her client, the landlord, wants the tenant to be responsible for all property operating expenses, including property taxes, insurance, and maintenance, in addition to the base rent. Which type of lease best describes this arrangement?
Answer options: ✅ Triple Net (NNN) Lease
- Gross Lease
- Modified Gross Lease
- Percentage Lease
Correct answer: Triple Net (NNN) Lease
Explanation: A Triple Net (NNN) lease requires the tenant to pay base rent plus all three 'nets': property taxes, insurance, and common area maintenance (CAM), making them responsible for nearly all property operating expenses.
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