A landowner plans to sell his property that includes a convenience store that he has been operating for more than fifty years. The area that includes the landowners property was re-zoned to residential when it was annexed by the city five years ago. Given these facts, which of the following statements is TRUE? Select one: a. The convenience store will automatically operate under a variance after closing. b. A buyers continued use of the convenience store after closing is guaranteed. c. A buyer must request a special use permit to continue to operate the convenience store after closing. d. The landowners store is operating under a legal nonconforming use.

Under a net lease, the tenant pays a base monthly rent plus

Select one:

a.

An additional fee which varies based on a standard index.

b.

A prorated share of the owners operating expenses.

c.

A percentage of the tenants net income from doing business in the property.

d.

Some or all of the property expenses such as maintenance, taxes, and insurance.