Final answer:
A double net lease is a rental agreement where two additional costs, typically property taxes and building insurance, will be added to the tenant's base rent. This is distinct from single or triple net leases, where the number of additional costs can vary, and it is a reflection of the economic principle that all things, including housing, have an opportunity cost.
Step-by-step explanation:
The student's question is asking for a definition of a double net lease in the context of rental agreements. The correct answer is C. two additional costs will be added to your base rent. In a double net lease, the tenant is responsible for paying the base rent plus two additional expenses, typically property taxes and building insurance. This is different from a single net lease, where only one additional cost is added (usually property taxes), and from a triple net lease, where three costs are added—property taxes, building insurance, and maintenance.In general, lease agreements, including double net leases, are essential in the real estate market, and they often reflect the economic principle that there is no such thing as a free lunch. As the information provided references, with price ceilings and below-market rental prices, tenants might face a trade-off in the form of lower housing quality, exemplifying the concept of opportunity cost within real estate transactions.