QUESTION 10 of 10 You have a net lease. Your rent is 1,000 per month. Taxes and maintenance total 500 per month. What is your total maintenance 500 nce total monthly payment? a) 500 b) 1,000 c) 1,500 d) 2,000

## Step 1<br />In a net lease, the tenant is responsible for paying both the rent and the costs associated with maintaining the property. In this case, the rent is $1,000 per month and the taxes and maintenance total $500 per month.<br /><br />## Step 2<br />To find the total monthly payment, we need to add the rent and the maintenance costs together.<br /><br />### **Total monthly payment = Rent + Maintenance costs**<br /><br />## Step 3<br />Substitute the given values into the formula.<br /><br />### **Total monthly payment = $1,000 + $500**