Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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In a Net Lease, what are tenants responsible for?

Only the base rent
Base rent and possibly some or all property expenses
Only utilities
All repair and maintenance costs only

The correct answer is: Base rent and possibly some or all property expenses

A Net Lease is a type of commercial real estate lease that requires tenants to pay for both the base rent and some or all of the property expenses. This includes costs such as property taxes, insurance, and maintenance fees. Option A is incorrect because tenants are not solely responsible for only the base rent. Option C is incorrect because tenants are not solely responsible for only utilities. Option D is incorrect because tenants are not solely responsible for only repair and maintenance costs. Therefore, only option B correctly represents what tenants are responsible for in a Net Lease.