Residential & Commercial Lease Provisions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is a provision in a commercial lease that restricts how a business may use the premises?

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1. Tina has just signed a commercial lease for her new coffee shop. She's responsible for paying rent as well as her share of the property taxes and insurance on the building. What type of lease does Tina have?

2. Tyler is entering into a lease in a mall for his sporting goods store, and he gets his landlord to agree not to lease any other place in the mall to another sporting goods store. What lease provision was most likely used?

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About This Quiz & Worksheet

Test your knowledge of the different lease provisions that can be placed on commercial and residential property with these assessments.

Quiz & Worksheet Goals

You will be assessed on:

  • Lease provision that requires rent, property tax, and insurance payments
  • Residential lease provisions
  • Lease provision prohibiting leaser from leasing to specified others

Skills Practiced

  • Information recall - access the knowledge you've gained regarding the rental agreements found in residential and commercial leases
  • Reading comprehension - ensure that you draw the most important information from the lesson on different types of lease provisions
  • Knowledge application - use your knowledge to answer a question regarding the name of the the commercial lease provision that restricts how businesses use premises

Additional Learning

The lesson titled Residential & Commercial Lease Provisions will teach you about the different types of lease provisions associated with the two types of properties. Objectives covered include:

  • Define lease
  • Know the various residential lease provisions
  • Understand each type of commercial lease
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