What type of lease only requires the tenant to pay base rent without any additional rent or operating expenses?

Prepare for the BOMI Asset Management Test with flashcards and multiple choice questions. Each question includes helpful hints and detailed explanations. Ensure success in your exam!

The type of lease that only requires the tenant to pay base rent without any additional rent or operating expenses is a gross lease. In a gross lease agreement, the landlord covers all operating expenses related to the property, including maintenance, property taxes, and insurance. This structure provides simplicity for the tenant, who only has to manage their base rent payments without worrying about fluctuating operating costs that can arise throughout the term of the lease.

This arrangement can be particularly appealing to tenants, as it allows for greater predictability in budgeting and financial planning. By encapsulating all costs within the base rent, tenants can focus on their core business without getting involved in the complexities of property management and unexpected expenses.

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