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IAAO 102 Exam :Review Questions & Answers: Updated Guide Solution

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Another name for market rent is ______________ rent. (Ans- economic A lease that provides for one or more extensions of the lease term in the original lease document at the option of the tenant is a ___________________ lease. (Ans- renewal The fixed portion of the rent under the terms of a percentage lease is known as __________________________. (Ans- minimum base rent When contract rent exceeds economic rent, the difference is known as _______________ rent. (Ans- excess The rent that is over and above a guaranteed minimum base rent is referred to as _______________ rent. (Ans- overageA contract that requires a fixed minimum base rent and a variable rent based on volume of business, sales, productivity, or use of the property by the tenant is called a _____________ lease. (Ans- percentage A lease in which the landlord is required to pay all operating expenses associated with the real es

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  • another name for market rent is ren
  • a lease that provides for one or more extensions o
  • the fixed portion of the rent under the terms of a

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