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Exam CFM Topic 3 Question 198 Discussion

Actual exam question for IFMA's CFM exam
Question #: 198
Topic #: 3
Which type of lease requires the tenant to pay all expenses of the property being leased (taxes, insurance, maintenance) in addition to rent?

Suggested Answer: A Vote an answer

A triple net lease (NNN lease) (Option A) requires the tenant to cover all property expenses in addition to base rent.
Why Option A is Correct?
* NNN leases shift the responsibility of property costs (taxes, insurance, and maintenance) from the landlord to the tenant.
* These leases are common in commercial real estate because they reduce risk for property owners while providing stable rental income.
* IFMA's Real Estate & Property Management Core Competency highlights the importance of understanding lease structures for effective property management.
Why Other Options Are Incorrect?
* Option B (Gross lease): The landlord pays for all expenses, and the tenant only pays a fixed rent.
* Option C (Full-service lease): Similar to a gross lease, all costs are included in the rent.

by Jeff at Apr 23, 2026, 08:08 PM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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