Question

QUESTION 5

1. The owner of a leased property conveys possession of the property to the tenant providing them with uninterrupted us of the property without interference from the owner. This is known as

   		consideration
   		quiet enjoyment
   		sole use
   		tenant improvement

QUESTION 6

1. _________ property leases contain a clause that indicates the purpose for which a space may be used.

   		residential
   		commercial
   		rural
   		suburban

QUESTION 7

1. For apartment leases, what is the industry standard for the lease term?

   		6 months
   		1 year
   		2 years
   		there is no industry standard

QUESTION 8

1. The _______ is the amount a landlord agrees to spend to build out or refurbish the space to meet the needs of the tenant's business.

   		tenant concessions
   		owner consideration
   		tenant improvement allowance
   		expense stop

QUESTION 9

1. Rent for U.S. commercial properties is typically quoted as a(n)

   		dollar amount per month
   		dollar amount per year
   		monthly cost per square foot
   		Annual cost per square foot

QUESTION 10

1. The amount paid by retail tenants in percentage leases regardless of the level of the sales generated by the tenant's business is

   		flat rent
   		base rent
   		percentage rent
   		graduated rent

QUESTION 11

1. Shopping center leases often include a clause that ties total rent payments to the tenant's sales revenue. This type of rent is known as

   		flat rent
   		base rent
   		percentage rent
   		graduated rent

QUESTION 12

1. Rent that has specified increases over the term of the lease is called

   		flat rent
   		base rent
   		percentage rent
   		graduated rent

QUESTION 13

1. A lease in which the owner pays all of the property's operating expenses is called a

   		net lease
   		gross lease
   		net net lease
   		triple net lease

QUESTION 14

1. A lease in which the tenant pays the property taxes and insurance is called a

   		net lease
   		gross lease
   		net net lease
   		triple net lease

QUESTION 15

1. In which type of lease is the tenant responsible for all operating expenses?

   		net lease
   		gross lease
   		net net lease
   		triple net lease

QUESTION 16

1. Which of the following would typically be considered an operating expense controllable by the owner?

   		general maintenance
   		property taxes
   		insurance payments
   		utility expenses

QUESTION 17

1. Lease clauses that reduce the cost of the lease to the tenant and therefor provide an incentive for the tenant to lease the space are called

   		common area clauses
   		concessions
   		alterations
   		assignments

QUESTION 18

1. When ALL of a tenant's rights and obligations are transferred to another party, what has occurred?

   		sublease
   		lease option
   		lease renewal
   		lease assignment

QUESTION 19

1. Lease clause that gives the tenant the right, but not the obligation, to renew the lease.

   		cancelation option
   		renewal option
   		expansion option
   		lease option

QUESTION 20

1. Lease clause that obligates the property owner to find space for the tenant to expand the size of their leased space is called a(n):

   		cancelation option
   		renewal option
   		expansion option
   		lease option

Answer 1

Only 4 can be answered.

5) quiet enjoyment

Quiet enjoyment means the owner of the property and the tenant person can uninterrupted use of the property. Quiet enjoyment give the full right to use the property by the tenant.

6) commercial

commercial property are generally used for the commercial purpose. In which owner of the property give the space into a lease and makes a contract. In which purpose is to mention that why any person wants that space.

7) 1 year

For the apartment leases currently, there is some industry standard. Generally, it depends on the owner of the property how much they want leases. Many of the places they take for a 1 year and someplace they take for 6 months.

8) tenant improvement allowance

When any tenant person takes the property it is the owner's responsibility to build out or refurbish the space to meet the needs of the tenant's business and it is against the law to take money from the tenant for this refurbish the space.