Which Expense Is Paid by the Property Owner in a Net

question 21

Multiple Choice

Which expense is paid by the property owner in a net lease?

• A) heat
• B) insurance
• C) electricity
• D) mortgage interest

---

Definitions:

Exculpatory Agreement

A clause that says one of the parties to a contract, generally the one who wrote the contract, is not liable for any economic loss or physical injury, even if that party caused the loss or injury.

Exculpatory Clause

A clause in a contract that releases a party from liability for his or her wrongful acts. These clauses are not favored by law.

Geographical Area

Refers to a specific physical region or location defined by natural or artificial borders.

Minor

A person under the legal age of adulthood, which varies by jurisdiction, typically below 18 years old.