Leases Flashcards

1
Q

Monthly Rent times months in a year is ___________________.

(MR x 12 = ?)

A

Yearly Base Rent

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2
Q

Gross Annual Income/Sales times agreed percentage is ________________.

Equation: GAI/S x % = ?

A

Additional Rent

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3
Q

Yearly Base Rent and Additional Rent is _____________?

Equation: YBR + AR = ?

A

Annual Rent Due

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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

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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

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