In a ________ Arrangement, the Tenant Is Responsible for Paying

question 1

Multiple Choice

In a ________ arrangement, the tenant is responsible for paying rent and property taxes.

• A)double net lease
• B)net lease
• C)gross lease
• D)net, net, net lease

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Definitions:

Dividend Liability

Refers to the amount a company owes to its shareholders after the board of directors declares a dividend but before the company has actually paid it.

Date of Declaration

The specific date on which a company's board of directors announces its intention to pay a dividend to shareholders.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid in a given year, and must be paid out before common stock dividends.

Par Common Stock

The nominal or face value assigned to common stock by the issuing company.