1. Which of the following is TRUE for a “triple net” lease?
a) All operating expenses are paid by the landlord.
b) All operating expenses are paid by the tenant.
c) Structural repairs are split evenly between landlord and tenant.
d) None of the above.
2. The acronym CAM, as it is used in a retail real estate lease, would refer to
a) Landlord’s contribution towards advertising and marketing.
b) Tenant’s obligation for continuous operation in maintaining a retail presence in the center.
c) Tenant’s obligation to make payments for the ongoing upkeep of the center’s common space.
d) None of the above.