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Nevada National Real Estate Exam| 115 Questions| Correct Answers| Verified!!
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Amortized Loans - ANSWER Constant payment including principle and interest until paid off Conventional Loan - ANSWER No government back; private Gross Lease - ANSWER Fixed amount- Residential rental Net Lease - ANSWER Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - ANSWER Fixed + % of profits ;; mall, retail spaces Ground Lease - ANSWER Long term land lease-- 99+ yr lead;; to build Leaseback - ANSWER Seller leases back after closing; model homes Assign/sublease - ANSWER Renting then leasing to someone else; air B& B Novation - ANSWER Substitution of Lessee or contract Leasehold Estates - ANSWER Death/sale will not terminate lease Estate for years - ANSWER Definite termination date/no notice required
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