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DC PROPERTY MANAGERS STUDY GUIDE 2025 QUESTIONS AND ANSWERS What does the term "Triple Net" mean when referring to commercial leases ....ANSWER ...-refers to commercial tenant paying ALL Operating Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc. This is the most commonly found in industrial leases. Percentage Lease - ....ANSWER ...-A lease, that requires tenant to pay rent based on a calculation that relates directly to the tenant's gross sales. Usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount. The rights of a property owner include........ - ....ANSWER ...-The right of possession, the right of control, the right of exclusion, the right of enjoyment, the right to sell. What is a Leasehold Interest? - ....ANSWER ...-When the owner leases a property, it temporarily transfers to the tenant a portion of the right of possession. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1