Leases Flashcards
0
Q
What are the lease term types?
A
Flat Graduated - step up/step down lease Revaluation - periodic adjustments Index Percentage - % of business volume
1
Q
What are the two bases in commercial leases?
A
Net Lease - landlord pays OPEX
Gross Lease - tenant pays for some or all OPEX
2
Q
What are the rental types
A
Contract rent
Scheduled rent
Market rent
Effective rent - net of financial concessions
Deficit rent - lease executed in weaker market
Excess rent - lease executed in stronger market
Percentage rent - % of gross sales
Overage rent - % of gross sales in excess of a specified amount
