Leases Flashcards
1
Q
Monthly Rent times months in a year is ___________________.
(MR x 12 = ?)
A
Yearly Base Rent
2
Q
Gross Annual Income/Sales times agreed percentage is ________________.
Equation: GAI/S x % = ?
A
Additional Rent
3
Q
Yearly Base Rent and Additional Rent is _____________?
Equation: YBR + AR = ?
A
Annual Rent Due
4
Q
A type of commercial lease that uses revenue generated by a business is _____________________?
- Monthly Rent x 12 = Yearly Base Rent
- Gross Annual Income/Sales x % (per lease agreement) = Additional Rent
- Yearly Base Rent + Additional Rent = Total Annual Rent Due
A
Percentage Lease
5
Q
A type of commercial lease that uses the Consumer Price Index (CPI) for its calculations is __________________?
- New Index/Current Index X Original Rent Rate = New Rent Rate
A
Variable (Index) Lease
