Real Estate Practice Exam - Leasing and Property Management with correct answers 100% 2026

Real Estate Practice Exam - Leasing and Property Management with correct answers 100% 2026 a lease that requires a tenant to pay all operating expenses such as property taxes, insurance, and maintenance is: - Correct Answer a net lease a tenant who is interested in purchasing the house she is leasing and wants a chance to match a bid that may come in from a third party should obtain: - Correct Answer right of first refusal the following statement is true concerning subleasing: - Correct Answer the sublessor is liable for damages caused by the sublessee when the tenant pays a fixed amount of rent and the landlord pays expenses on the property, this is a: - Correct Answer gross lease which is true about assigning a lease? - Correct Answer the landlord/lessor may or may not release the assignor/lessee of liability the tenants interest in leased premises is known as: - Correct Answer a leasehold estate a lease that specifies lower rent payments in the early stages and later the rent is increased is known as: - Correct Answer a graduated lease a lease provides for increases based on future expenses of property, this is explained in the: - Correct Answer escalation clause a nine-month lease creates - Correct Answer tenancy for years Sharon purchase is a 10 unit apartment building and discovers that six of the tenants have low rent leases while the others are paying low rent on a month to month basis. What can Sharon do? - Correct Answer She could raise the rents for tenants that are on a month-to-month basis with proper written notice; as for those who have leases, she must wait until the leases expire which of the following would probably be under a percentage lease? - Correct Answer a retail establishment June leases a warehouse and pays $3000 per month and pays all property taxes, maintenance and insurance on the building. June is probably under: - Correct Answer a net lease an escalation clause in a lease will probably provide for: - Correct Answer Adjustments of rental payments in the future all of the following have leasehold estates: - Correct Answer tenant at will, tenant for years, tenant from period to period (tenant by entireties does NOT have a leasehold estate)