How does a full-service (gross) lease differ from a triple-net (NNN) lease in ARGUS modeling?
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A
Gross leases require tenants to pay all operating expenses; NNN leases do not
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B
In a gross lease the landlord pays most operating expenses; in a NNN lease tenants pay taxes, insurance, and maintenance directly
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C
ARGUS cannot model gross leases; only NNN structures are supported
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D
Both lease types produce identical NOI because expenses always cancel out