Ace the Humber College Real Estate Course 4 Exam 2026 – Unlock Your Property Pro Potential!

In a Single Net Lease, the tenant is responsible for paying rent along with certain operating expenses, typically including property taxes. This type of lease structure shifts some financial responsibilities to the tenant while still maintaining a baseline obligation for the landlord.

This arrangement is beneficial for landlords, as it allows them to have a steady income from rent while also ensuring that property taxes are managed. Tenants, on the other hand, accept this additional responsibility, often in exchange for lower base rent compared to other leasing structures.

In the case of the other options, only rent payments are covered in a straightforward lease arrangement, while a Single Net Lease includes more financial obligations. All property expenses, including maintenance, would more closely align with a Gross Lease or a Full Net Lease, where tenants bear all operating costs. As for rent plus utilities, while utilities may be an additional obligation in many leases, they are not necessarily included in the base responsibilities of a Single Net Lease.