IAAO 102 CHAPTER 2 REVIEW
QUESTIONS AND QUESTION
Offers, Listings - ans-sw sw sw
In addition to sales and leases, __ and __ can be a valid source of market information, if ca
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
re is exercised.
sw sw
1. Commercial property managers
sw sw sw
2. tenants of comparable properties
sw sw sw sw
3. Real estate brokers and salespeople
sw sw sw sw sw
4. Sellers and purchasers of comparable properties
sw sw sw sw sw sw
5. Public records - ans-List five sources of rental income data:
sw sw sw sw sw sw sw sw sw sw
Economic - ans-Another name for market rent is ___ rent.
sw sw 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 is a ___ lease.
sw sw sw sw 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 is known as ___ ____ _
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
__.
Excess rent - ans- sw sw sw
When contract rent exceeds economic rent, the difference is known as ___ rent.
sw sw sw sw sw sw sw sw sw sw sw sw
Overage rent - ans- sw sw sw
The rent that is over and above a guaranteed minimum base rent is referred to as ___ rent
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
.
Percentage lease - ans- sw sw sw
A contract the 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 ___ lease.
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
Gross lease - ans-
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.
sw sw sw sw sw sw sw
QUESTIONS AND QUESTION
Offers, Listings - ans-sw sw sw
In addition to sales and leases, __ and __ can be a valid source of market information, if ca
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
re is exercised.
sw sw
1. Commercial property managers
sw sw sw
2. tenants of comparable properties
sw sw sw sw
3. Real estate brokers and salespeople
sw sw sw sw sw
4. Sellers and purchasers of comparable properties
sw sw sw sw sw sw
5. Public records - ans-List five sources of rental income data:
sw sw sw sw sw sw sw sw sw sw
Economic - ans-Another name for market rent is ___ rent.
sw sw 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 is a ___ lease.
sw sw sw sw 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 is known as ___ ____ _
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
__.
Excess rent - ans- sw sw sw
When contract rent exceeds economic rent, the difference is known as ___ rent.
sw sw sw sw sw sw sw sw sw sw sw sw
Overage rent - ans- sw sw sw
The rent that is over and above a guaranteed minimum base rent is referred to as ___ rent
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
.
Percentage lease - ans- sw sw sw
A contract the 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 ___ lease.
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
Gross lease - ans-
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.
sw sw sw sw sw sw sw
