unit 17

Question 1

Gross fixed lease:

Answer 1

tenant pays fixed rent to the landlord who pays the expenses

Question 2

net lease

Answer 2

tenant pays base rent plus expenses

Question 3

percentage lease

Answer 3

rent based on a percentage of gross income/sales most common in retail properites

Question 4

variable lease

Answer 4

rent invreases or deccreases as predetermined intervals

graduated: rent increases ast predetermined intervals and amount set in a lease term
index: rent is adjusted based on an economic indicator

Question 5

groudn land lease

Answer 5

unimproved property

tenant would want a longterm lease if adding improvements

Question 6

Estate for years

Answer 6

expiration date not death

Question 7

periodic estate

Answer 7

notice not death

Question 8

estate at will

Answer 8

notice or death

Question 9

actual eviction

Answer 9

court aciotn brought by the landlord against a tenant who is in breach of contract

Question 10

constructive eviction

Answer 10

lease terminated if tnant must cavate due to landlords act or failure to act

Question 11

Civil Rights act of 1866

Answer 11

prhoibits discrimination int he sale and rental of property based on race

Question 12

Fair housing act/civil rights act of 1968

Answer 12

prohibits discrimation int he sale lease appraial and financing of property based upon the following:

race
religion
color
sex
nation origin
familial status
handicap disability

FReSH CoRN

Question 13

Can real estate agents discriminate?

Answer 13

not for any reason or in any way

Question 14

Steering

Answer 14

channeling potential buyers to or away from particular areas as a means of discrimination

Question 15

blockbusting

Answer 15

also called panic selling

Question 16

redlining

Answer 16

refusing to offer or limiting loans in certain areas because of crime rates or the characteristics of the resident