CA Real Estate Principles Course » 2021 » Section 11 Unit 2 Exam
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Question #1
A commercial landlord finds herself in trouble because the rent she is collecting is not keeping up with inflation due to the type of leases she signed with her tenants. She has the longest tenancies of commercial landlords she knows, which is probably because she signed with them ______ leases.
A.
Flat rate
B.
Low rate
C.
Indexed
D.
Cheap
Question #2
Which of these types of tenants most often uses a percentage lease?
A.
Retail
B.
Residential
C.
Triple net
D.
Manufacturing
Question #3
You have a client who’s leasing commercial space. The lease terms call for him to pay a portion of the landlord’s taxes, insurance, and maintenance. What type of lease does your client have?
A.
Percentage lease
B.
Itemized lease
C.
Sublease
D.
Triple net lease
Question #4
Commercial lease escalation clauses typically do not take effect until after what period of time?
A.
One week
B.
Six months
C.
Five years
D.
The "base year," or first year
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