CERTIFIED LEGAL MANAGER - ALA EXAM
QUESTIONS AND ANSWERS 100% PASS |ALREADY
GRADED A+| VERIFIED AND UPDATED
Tenant Improvement Allowance - correct answer-An amount agreed
upon by landlord and tenant in connection with the establishment of
the rental rate. (It is "typically" amortized into the rental rate.) Generally
a prescribed amount per square foot and is to be spent within a specific
time frame.
Calculation of future operating expenses - correct answer-Based on a
fully occupied building
Calculation of taxes - correct answer-Based on comparisons with
neighboring buildings
ARMA (arma.org) - correct answer-Association for Records Managers
and Administrators
,Wide-Area Networks (WANS) - correct answer-The computers are
farther apart and are connected by telephone lines or radio waves.
Virtual Private Network (VPN) - correct answer-A network that is
constructed by using public wires to connect nodes.
Return on Equity (ROE) - correct answer-A ratio that measures the
overall performance of a company. It reflects profitability, efficiency,
and the effective use of debt.
Return on Equity Ratio - correct answer-Net Income divided by
Shareholder's Equity
Appraisal - correct answer-An estimate of the economic value of a
resource, liability, equity, or entity made by an expert after appropriate
physical examination, comparative pricing and engineering review.
, Agreement for Lease - correct answer-A contract to enter into a lease
which in order to be enforceable either must be evidenced in writing
and signed by the person against whom action is taken for the breach of
the alleged contract and there must be a sufficient act of part
performance.
Base Rent - correct answer-A monthly rental, net of maintenance and
interest costs, charged or quoted by landlords for any property and
comprised of only payment made for usage of the subject property
under a lease agreement.
Base Rental - correct answer-The initial rental rate, normally identified
as the annual rent in a gross lease.
Broker - correct answer-A person or company who brings owners and
proposed buyers together with a view to complete a real estate
transaction.
QUESTIONS AND ANSWERS 100% PASS |ALREADY
GRADED A+| VERIFIED AND UPDATED
Tenant Improvement Allowance - correct answer-An amount agreed
upon by landlord and tenant in connection with the establishment of
the rental rate. (It is "typically" amortized into the rental rate.) Generally
a prescribed amount per square foot and is to be spent within a specific
time frame.
Calculation of future operating expenses - correct answer-Based on a
fully occupied building
Calculation of taxes - correct answer-Based on comparisons with
neighboring buildings
ARMA (arma.org) - correct answer-Association for Records Managers
and Administrators
,Wide-Area Networks (WANS) - correct answer-The computers are
farther apart and are connected by telephone lines or radio waves.
Virtual Private Network (VPN) - correct answer-A network that is
constructed by using public wires to connect nodes.
Return on Equity (ROE) - correct answer-A ratio that measures the
overall performance of a company. It reflects profitability, efficiency,
and the effective use of debt.
Return on Equity Ratio - correct answer-Net Income divided by
Shareholder's Equity
Appraisal - correct answer-An estimate of the economic value of a
resource, liability, equity, or entity made by an expert after appropriate
physical examination, comparative pricing and engineering review.
, Agreement for Lease - correct answer-A contract to enter into a lease
which in order to be enforceable either must be evidenced in writing
and signed by the person against whom action is taken for the breach of
the alleged contract and there must be a sufficient act of part
performance.
Base Rent - correct answer-A monthly rental, net of maintenance and
interest costs, charged or quoted by landlords for any property and
comprised of only payment made for usage of the subject property
under a lease agreement.
Base Rental - correct answer-The initial rental rate, normally identified
as the annual rent in a gross lease.
Broker - correct answer-A person or company who brings owners and
proposed buyers together with a view to complete a real estate
transaction.
