module 12

Question 1

add on

Answer 1

alternate term for R/U factor

Question 2

TMI

Answer 2

refers to taxes, maintenance, and insurance

Question 3

Net

Answer 3

type of lease preferable by a landlord

Question 4

rental rate

Answer 4

prince arrived at when completing a comparative market analysis for a leas

Question 5

rentable area

Answer 5

rent calculation are based on that

Question 6

base rent

Answer 6

an alternate term for base rent is minimum rent

Question 7

fraud

Answer 7

statute that stipulate the min length of lease that must be in writing

Question 8

privity

Answer 8

legal premise which states that contractual maters are only enforceable upon the parties to the contract

Question 9

short form of leases act

Answer 9

permits the use of abbreviated wording in leases

Question 10

share

Answer 10

additional expenses are prorated baed on the proportionate share of total space in a shopping mall

Question 11

accessibility requirement

Answer 11

new commercial structures must comply with accessibility requirement

Question 12

anchor tenant

Answer 12

type of tenant that may be granted a broad range of uses and fewer restrictions than smaller tenants in a shopping centre

Question 13

gross lease

Answer 13

is a fixed tenant

Question 14

restrictive

Answer 14

lease provision that limit the tenant use of the property

Question 15

clawback clause

Answer 15

multi-year commercial lease require that tenant to pay a portion of the remuneration for leaving a lease early

Question 16

fit- up

Answer 16

tenant customization of leased office space

Question 17

quite enjoyment

Answer 17

landlord non-interference with the tenant

Question 18

blending and extending

Answer 18

renegotiating a lease prior to the end of the term to change the current renal rate

Question 19

percentage lease

Answer 19

lease in which the tenant pays a percentage of the revenue to the landlord

Question 20

gross lease

Answer 20

commercial lease in which the landlord pays all expenses