In a net lease arrangement, which of the following is the tenant responsible for?

In a net lease arrangement, the tenant's responsibilities typically extend beyond just paying the rent. In a standard net lease, tenants are responsible for rent as well as property taxes. This means that the landlord receives a steady rental income while transferring some of the financial burden of property ownership onto the tenant. This arrangement allows landlords to reduce their risk since some of the costs associated with property ownership are covered by the tenant.

While the most basic net lease involves rent and property taxes, other types of net leases, such as double or triple net leases, may also require tenants to cover additional expenses such as utilities and insurance. However, in the context of the question, the correct answer focuses on the basic obligations under a typical net lease, which includes the rent and property taxes only. Understanding the distinctions among different types of leases is important for recognizing how responsibilities are shared between landlords and tenants.