Chapter 5 Flashcards
1
Q
What is a lease that provides for periodic rent adjustments based on the market rental rate of the space. Sometimes accomplished through appraisal or arbitration?
A
Revaluation lease
2
Q
Who pays all of the operating expenses in a Gross Lease?
A
Landlord
3
Q
Who pays all of the operating expenses in a Net Lease?
A
Tenant
4
Q
What is included in a fee simple interest?
A
Ownership of all rights in a property
5
Q
How is vacancy and collection usually applied?
A
As a percentage of the PGI
