Different Types of Transactions

Question 1

On the grant of a new lease, the freehold owner is the _______, and the first tenant is the _____

Answer 1

landlord, buyer

Question 2

In a long-term residential lease, the rent is typically a _______ sum because Ts have paid a large _______ at the beginning of the lease

Answer 2

nominal, premium

Question 3

In a long-term commercial lease, rent is typically ________ as the premium doesn’t serve as the main __________ of the transaction. This comes from the _______ _______ payments

Answer 3

higher, consideration, periodic rental