Chapter 22

Last Updated By mtoth on 12/17/2011
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With an expense stop clause:

Answer:
a)  Operating expenses are borne by the tenant up to a specified per square foot level, above which the landlord is responsible fro additional expenses.
b)  The landlord is responsible for operating expenses up to a specified level, above which increases in operating expenses become the obligation of the tenant based on the tenant's leasable square footaage.
c)  Landlords commit to a maximum tenant improvement allowance for new tenants.
d)  Tenants are reimbursed for electric bills in excess of a normal account.
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  • mtoth
    Answered in Chapter 22
    Lease provisions that grant the tenant the right, but not the obligation, to do something generally result in:
    a)A lower base rent
    b)A higher base rent
    c)An indexed base rent
    d)Nothing-a base rent is generally not affected by tenant options.
    b)Nothing-a base rent is generally not affected by tenant options.
  • mtoth
    Answered in Chapter 22
    Which of the following statements regarding tenant improvements (TIs) is the least true in the context of commercial real estate leases?
    a)TIs are usually stated as a dollar per square foot amount
    b)Tenants can generally negotiate higher TIs for existing space than for space in a newly developed project
    c)Tenants can generally negotiate higher TIs for space in a newly developed project than for space in an existing project
    d)The magnitude of the TIs is often a heavily negotiated lease term.
    b)The magnitude of the TIs is often a heavily negotiated lease term.
  • mtoth
    Answered in Chapter 22
    In shopping center leases, rents are typically quoted on the basis of what type of area occupied by the tenant?
    a)Gross leasable area
    b)Net leasable area
    c)Rentable area
    d)Usable area
    a)Usable area
  • mtoth
    Answered in Chapter 22
    The typical anchor tenant in a neighborhood shopping center
    a)Nationally known department store
    b)Regional department store
    c)"Big box" retailer such as a Home Depot and Circuit City
    d)Grocery store
    d)Grocery store
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Free Quiz Question From Chapter 22
Question: With an expense stop clause:
Answer:
Operating expenses are borne by the tenant up to a specified per square foot level, above which the landlord is responsible fro additional expenses.
The landlord is responsible for operating expenses up to a specified level, above which increases in operating expenses become the obligation of the tenant based on the tenant's leasable square footaage.
Landlords commit to a maximum tenant improvement allowance for new tenants.
Tenants are reimbursed for electric bills in excess of a normal account.