Which term describes the lease structure where tenants pay a portion of the building’s operating expenses?

The term that accurately describes the lease structure where tenants pay a portion of the building's operating expenses is known as a net lease. In a net lease agreement, tenants are responsible not only for the base rent but also for certain operating expenses associated with the property, such as property taxes, insurance, and maintenance costs. This arrangement provides landlords with a stable income while allowing tenants to have control over their expenses, as they are directly involved in some of the operating costs.

In contrast, a fixed lease typically involves a set rental amount with no additional variable costs, a gross lease usually means that landlords cover all the operating expenses, and a percentage lease is commonly used in retail settings where rent is based on a percentage of the tenant's sales revenue. Each of these other lease types has different implications for both tenants and landlords regarding financial responsibilities and cost structures.