Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20. Which of the following leases is based on a minimum fixed rental fee plus a percentage of the gross income. A. Percentage net lease

20. Which of the following leases is based on a minimum fixed rental fee plus a percentage of the gross income.

A. Percentage net lease

B. Option lease

C. Gross lease

D. Net Net Net lease

21. Larry and Dale were roommates. Dale pays Larry for the rent and Larry pays the landlord. Dales position would be:

A. Assignor

B. Sublessee

C. Assignee

D. Sublessor

22. Which of the following leases would be known as a sandwich lease:

A. Gross lease

B. Net lease

C. Sublease

D. Graduated lease

23. Karen has a verbal agreement with her landlord to rent an apartment for nine months. The statute of frauds states that a real estate contract must be in writing to be enforceable. Karen needs to move because of a job transfer. Can the landlord hold Karen to the lease?

A. Yes, because a lease less than a year does not need to be in writing to be enforceable

B. No, because the statute of frauds says it must be in writing

C. Yes, because the landlord tenant laws always leans towards the lessee

D. No, because the landlord tenant laws always leans towards the lessor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

7 Money Rules For Life How To Take Control Of Your Financial Future

Authors: Mary Hunt

1st Edition

0800722531, 978-0800722531

More Books

Students also viewed these Finance questions