What type of lease typically includes a base rent plus additional operating expenses?

Prepare for the Ohio Certified Professional Lease and Title Analyst (CPLTA) Test. Use flashcards and multiple-choice questions with detailed hints and explanations. Ace your exam!

A net lease is the correct choice for the type of lease that typically includes a base rent plus additional operating expenses. In this context, a net lease structure often requires the tenant to pay not only the base rent but also a portion of the operating expenses associated with the property, such as property taxes, insurance, and maintenance costs. This arrangement can take various forms, such as single net, double net, or triple net leases, where the responsibilities for added costs are delineated based on the specific terms of the lease agreement.

In contrast, a gross lease typically includes the total cost within a single payment, where the landlord is responsible for covering all operating expenses, making it simpler for tenants as they don’t have to calculate or budget for additional costs. A month-to-month lease refers to a lease agreement that is not long-term and generally does not specify the inclusion of operating expenses in the same way. A sublease involves one tenant renting provision of leased property from another tenant and may not inherently include the same financial structures as a standard lease type.

Understanding lease structures and their implications is critical for anyone involved in lease and title analysis, particularly within the legal and financial realms.

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