1.) A lease which stipulates rent payment of $400 to be made monthly for one year is

a. an annual lease

b. a month-to-month lease

c. a variable rent lease

d. a net lease

When leasing a new office building, the manager may offer all of the following benefits except

a. free rent for a short start-up period

b. allowances for partitions, carpets, etc.

c. lower rents for the lease period

d. free janitorial services and utilities for the start-up period

An office building tenant may generally sublease the space

a. without prior approval by the landlord

b. at a rental higher than the existing lease

c. and escape any further liability on the lease

d. only with written permission from the landlord