Which lease type requires the tenant to cover part or all of the property's ownership expenses?

Prepare for the Maine Real Estate Sales Agent Test. Use flashcards, and multiple-choice questions with structured hints and detailed explanations. Excel in your exam preparation!

The net lease is known for requiring the tenant to cover part or all of the ownership expenses associated with a property. This type of lease typically entails that the tenant pays not only the base rent but also a portion of the costs that come with property ownership, which can include property taxes, insurance, and maintenance fees. This makes net leases distinct from gross leases, where the landlord is responsible for those expenses and the tenant pays a single, set amount that does not change based on the property's operating costs.

In the case of a triple net lease, while it does require the tenant to pay for all property expenses (which is a more specific type of the net lease), the net lease can refer to a broader category that encompasses various structures of costs covered by the tenant. The answer thus fits since a net lease can encompass several scenarios under its umbrella.

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