What is characteristic of a net lease?

In a net lease, the tenant is responsible for paying the base rent along with additional costs associated with the property, which typically include operating expenses like property taxes, insurance, and maintenance costs. This arrangement differs from other lease types where the landlord may cover those expenses, allowing landlords to receive a more predictable and stable income from the property while transferring more financial responsibility to the tenant. This is particularly common in commercial real estate transactions, where understanding the full scope of costs associated with the property is crucial for budgeting and financial planning.

The other options do not accurately reflect the characteristics of a net lease, as they either imply that the landlord retains most or all responsibilities (which does not align with the nature of a net lease) or describe an unrealistic or indefinite leasing situation.