Chapter 19 Commercial RE

Question 1

A percentage lease is most often associated with

Answer 1

Retail property

Question 2

The type of investment property that would have the greatest risk of being 100% vacant is

Answer 2

Single family residential property

Question 3

If the annual base rent for a retail store is $100,000 and the percentage rent is 5% what is the natural breakpoint for this store?

Answer 3

$2 million

Question 4

A tenant would like to rent 3,000 square feet of office space. Rent is quoted at $25 a square foot, triple net. Insurance usually runs $2,400 annually, and property taxes are $6000 each quarter. The monthly base rent for this property is.

Answer 4

…

Question 5

Which statement about commercial space square footage is false?

Answer 5

.

Question 6

The difference between rentable square footage and usable square footage is known

Answer 6

.

Question 7

Clear span refers to the

Answer 7

.

Question 8

A triple net lease is typically used for

Answer 8

.

Question 9

A lease escalation clause is a way for the landlord to

Answer 9

.

Question 10

When does practicing commercial real estate require a special license

Answer 10

Never