IAAO COURSE 102 - CHAPTER 2
REVIEW QUESTIONS AND ANSWERS
Sales and Offers - ans-
sw sw sw sw
In addition to sales and leases, ____________ and _______________ can be be valid so
sw sw sw sw sw sw sw sw sw sw sw sw sw
urces of market information, if care is exercised.
sw sw sw sw sw sw sw
5 Sources of Rental income Data - ans-1. Commercial Property Managers
sw sw sw sw sw sw sw sw sw sw
2. Tenants of comparables properties
sw sw sw sw
3. Real estate brokers and sales people
sw sw sw sw sw sw
4. Sellers and Purchasers
sw sw sw
5. Public Records
sw sw
Economic Rent - ans-Another name for market rent sw sw sw sw sw sw sw
Renewal Lease - ans- 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
sw sw sw sw sw sw
Minimum Base Rent - ans- sw sw sw sw
The fixed portion of the rent under the terms of a percentage lease
sw sw sw sw sw sw sw sw sw sw sw sw
Excess Rent - ans-When contract rent exceeds economic rent
sw sw sw sw sw sw sw sw
Overage Rent - ans-The rent that is over and above guaranteed minimum base rent
sw sw sw sw sw sw sw sw sw sw sw sw sw
Percentage Lease - ans- sw 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
sw sw sw sw sw sw sw sw sw sw
Gross Lease - ans- sw sw sw
A lease in which the a landlord is required to pay all operating expenses associated with th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e real estate
sw sw
Triple Net Lease - ans-
sw sw sw sw
A lease in which the tenant is required to pay all the operating expenses associated with th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e real estate
sw sw
REVIEW QUESTIONS AND ANSWERS
Sales and Offers - ans-
sw sw sw sw
In addition to sales and leases, ____________ and _______________ can be be valid so
sw sw sw sw sw sw sw sw sw sw sw sw sw
urces of market information, if care is exercised.
sw sw sw sw sw sw sw
5 Sources of Rental income Data - ans-1. Commercial Property Managers
sw sw sw sw sw sw sw sw sw sw
2. Tenants of comparables properties
sw sw sw sw
3. Real estate brokers and sales people
sw sw sw sw sw sw
4. Sellers and Purchasers
sw sw sw
5. Public Records
sw sw
Economic Rent - ans-Another name for market rent sw sw sw sw sw sw sw
Renewal Lease - ans- 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
sw sw sw sw sw sw
Minimum Base Rent - ans- sw sw sw sw
The fixed portion of the rent under the terms of a percentage lease
sw sw sw sw sw sw sw sw sw sw sw sw
Excess Rent - ans-When contract rent exceeds economic rent
sw sw sw sw sw sw sw sw
Overage Rent - ans-The rent that is over and above guaranteed minimum base rent
sw sw sw sw sw sw sw sw sw sw sw sw sw
Percentage Lease - ans- sw 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
sw sw sw sw sw sw sw sw sw sw
Gross Lease - ans- sw sw sw
A lease in which the a landlord is required to pay all operating expenses associated with th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e real estate
sw sw
Triple Net Lease - ans-
sw sw sw sw
A lease in which the tenant is required to pay all the operating expenses associated with th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e real estate
sw sw
