ARGUS CERTIFICATION TEST PAPER 2026
FULL QUESTIONS AND CORRECT ANSWERS
GRADED A+
● What are typical miscellaneous revenues you would find in the cash
flow for a commercial property cash flow in Argus? Answer: Antenna
Income, Parking, Signage, Storage, Vending Machines
● On the Cash Flow, Potential Base Rent is best defined as which of the
following Answer: Rent for all the occupied and vacant areas of the
current market resnt.
● What type of recovery structure do retail tenants typically have?
Answer: Net
● In practice, Argus is typically only used to model what type of
commercial properties? Answer: Office, Retail, Industrial
● The default time period that Argus applies leasing costs to the cash
flow is the start date for the lease term shown on the rent roll. Put
another way, month 1 of year 1 of a tenant's lease term is where you will
find tenant improvement and leasing commission values on the cash
flow output by Argus. Answer: True
, ● Prorata Share Answer: A tenant's prorate share is defined as their
rentable square footage divided by the total rentable square footage of
the building.
● Calculate the prorate share for a tenant that has 30,000 rentable square
feet in a building with a total of 100,000 rentable square feet. Answer:
30,000/100,000 = 0.30 = 30%
● Assume a retail tenant has a net recovery structure and pays $20 per
square foot in rent for the space they occupy and year 1 recoverable
operating expenses of $7. If you wanted to model an office tenant with a
base stop recovery that were to pay the equivalent rent and recoveries as
the retail tenant described above, what would be their total rent for year
1. Answer: $27 = 20+7 because it is included
● An office tenant has a $5 per square foot expense stop. Current year
recoverable operating expenses are $12 per square foot. What will be the
$ per square foot expense recovery this tenant is responsible to pay the
landlord for the current year? Answer: 12-5 = $7
● If a tenant has a net recovery structure their base rent will include
recoverable operating expenses in year 1 of their lease? Answer: False
● If a tenant has a base year stop recovery structure, then their base rent
will include recoverable operating expenses in year 1 of their lease?
Answer: True
FULL QUESTIONS AND CORRECT ANSWERS
GRADED A+
● What are typical miscellaneous revenues you would find in the cash
flow for a commercial property cash flow in Argus? Answer: Antenna
Income, Parking, Signage, Storage, Vending Machines
● On the Cash Flow, Potential Base Rent is best defined as which of the
following Answer: Rent for all the occupied and vacant areas of the
current market resnt.
● What type of recovery structure do retail tenants typically have?
Answer: Net
● In practice, Argus is typically only used to model what type of
commercial properties? Answer: Office, Retail, Industrial
● The default time period that Argus applies leasing costs to the cash
flow is the start date for the lease term shown on the rent roll. Put
another way, month 1 of year 1 of a tenant's lease term is where you will
find tenant improvement and leasing commission values on the cash
flow output by Argus. Answer: True
, ● Prorata Share Answer: A tenant's prorate share is defined as their
rentable square footage divided by the total rentable square footage of
the building.
● Calculate the prorate share for a tenant that has 30,000 rentable square
feet in a building with a total of 100,000 rentable square feet. Answer:
30,000/100,000 = 0.30 = 30%
● Assume a retail tenant has a net recovery structure and pays $20 per
square foot in rent for the space they occupy and year 1 recoverable
operating expenses of $7. If you wanted to model an office tenant with a
base stop recovery that were to pay the equivalent rent and recoveries as
the retail tenant described above, what would be their total rent for year
1. Answer: $27 = 20+7 because it is included
● An office tenant has a $5 per square foot expense stop. Current year
recoverable operating expenses are $12 per square foot. What will be the
$ per square foot expense recovery this tenant is responsible to pay the
landlord for the current year? Answer: 12-5 = $7
● If a tenant has a net recovery structure their base rent will include
recoverable operating expenses in year 1 of their lease? Answer: False
● If a tenant has a base year stop recovery structure, then their base rent
will include recoverable operating expenses in year 1 of their lease?
Answer: True
