IAAO102 - CHAPTER 2 REVIEW
QUESTIONS AND ANSWERS
In addition to sales and leases, ___________ and __________ can be a valid source of m
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
arket information, if care is exercised. - ans-offers
sw sw sw sw sw sw sw
listings
List 5 sources of rental income data: - ans-Commercial property managers
sw sw sw sw sw sw sw sw sw sw
Tenants of comparable properties sw sw sw
Real estate brokers and sales people
sw sw sw sw sw
Sellers and purchasers of comparable properties
sw sw sw sw sw
Public records sw
Another name for market rent is ______________ rent. - ans-economic
sw sw sw sw sw sw sw sw sw
A lease that provides for one or more extensions of the lease term in the original lease doc
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
ument at the option of the tenant is a ______________ lease. - ans-renewal
sw sw sw sw sw sw sw sw sw sw sw sw
The fixed portion of the rent under the terms of a percentage lease is known as ________
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________________________. - ans-minimum base rent sw sw sw sw
When contract rent exceeds economic rent, the difference is known as _______________
sw sw sw sw sw sw sw sw sw sw sw
____ rent. - ans-excess
sw sw sw
The rent that is over and above a guaranteed minimum base rent is referred to as ______
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________rent. - ans-overage sw sw
A contract that requires a fixed minimum base rent and a variable rent based on volume of
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
business, sales, productivity, or use of the property by the tenant is called a ___________
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________ lease. - ans-percentage sw sw sw
A lease in which the landlord is required to pay all operating expenses associated with the
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
real estate is known as a ______________ lease. - ans-gross
sw sw sw sw sw sw sw sw sw
A lease in which the tenant is required to pay all operating expenses associated with the re
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
al estate is known as a ______________ lease. - ans-triple net
sw sw sw sw sw sw sw sw sw sw
List four factors that must be considered when comparing rental properties: - ans-
sw sw sw sw sw sw sw sw sw sw sw sw
Date of Leasesw sw
QUESTIONS AND ANSWERS
In addition to sales and leases, ___________ and __________ can be a valid source of m
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
arket information, if care is exercised. - ans-offers
sw sw sw sw sw sw sw
listings
List 5 sources of rental income data: - ans-Commercial property managers
sw sw sw sw sw sw sw sw sw sw
Tenants of comparable properties sw sw sw
Real estate brokers and sales people
sw sw sw sw sw
Sellers and purchasers of comparable properties
sw sw sw sw sw
Public records sw
Another name for market rent is ______________ rent. - ans-economic
sw sw sw sw sw sw sw sw sw
A lease that provides for one or more extensions of the lease term in the original lease doc
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
ument at the option of the tenant is a ______________ lease. - ans-renewal
sw sw sw sw sw sw sw sw sw sw sw sw
The fixed portion of the rent under the terms of a percentage lease is known as ________
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________________________. - ans-minimum base rent sw sw sw sw
When contract rent exceeds economic rent, the difference is known as _______________
sw sw sw sw sw sw sw sw sw sw sw
____ rent. - ans-excess
sw sw sw
The rent that is over and above a guaranteed minimum base rent is referred to as ______
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________rent. - ans-overage sw sw
A contract that requires a fixed minimum base rent and a variable rent based on volume of
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
business, sales, productivity, or use of the property by the tenant is called a ___________
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
_________ lease. - ans-percentage sw sw sw
A lease in which the landlord is required to pay all operating expenses associated with the
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
real estate is known as a ______________ lease. - ans-gross
sw sw sw sw sw sw sw sw sw
A lease in which the tenant is required to pay all operating expenses associated with the re
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
al estate is known as a ______________ lease. - ans-triple net
sw sw sw sw sw sw sw sw sw sw
List four factors that must be considered when comparing rental properties: - ans-
sw sw sw sw sw sw sw sw sw sw sw sw
Date of Leasesw sw
