Which type of lease involves the tenant paying one of the TIM expenses in addition to rent?

The correct answer is the single-net lease. In a single-net lease, the tenant agrees to pay the base rent along with one specific category of property expenses, which is typically property taxes. The landlord remains responsible for other operating costs such as insurance and maintenance.

Understanding the single-net lease is important in the context of real estate leasing, as it creates a shared responsibility for expenses between the landlord and tenant, which can help provide a clearer expectation of costs for both parties. This differs significantly from other lease types, where tenants may take on multiple expenses or none at all. For instance, in a double-net lease, tenants would be responsible for both property taxes and insurance, while in a triple-net lease, tenants would pay for taxes, insurance, and maintenance costs. An absolute net lease entails even broader tenant responsibilities, potentially covering all costs associated with the property.