LEASE

Question or Hint Answer or Word

When a lease provides for the landlord to pay all of the expenses, this is known as a gross rent lease.
A valid lease must include all of the following except the basis upon which annual rent increases are calculated
When a valid contract lease is first signed the contract rent could be different from the economic rent if the lessor and the lessee are related parties.
Every property with a lease has a leasehold estate and leased fee estate
When a property has a lease the tenant has a leasehold interest and the landlord has a leased fee interest.
A percentage lease calculates the rent, in part, based on the income of the business
When all of a lessor's rights are transferred to another party, it is: When all of a lessor's rights are transferred to another party, it is: