Types of Leases in Real Estate

Instructions:

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

question 1 of 3

What must the tenant pay in a gross lease?

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1. A ____ is implied in most residential leases.

2. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?

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About This Quiz & Worksheet

Use the quiz and worksheet to find out how much you understand about the types of real estate leases. Answer quiz questions based on leases and the expectations of the involved parties.

Quiz & Worksheet Goals

This worksheet and quiz will help you to:

  • Assess what must be paid by the tenant in a gross lease
  • Recognize what is implied in a majority of residential leases
  • Identify a type of lease in which rent and a piece of the sales are the responsibility of the tenant
  • Name the type of lease in which a tenant must pay rent, insurance, and real estate tax
  • Determine a type of lease in which a tenant and landlord both sign to enact it for a year or more

Skills Practiced

Practice the following study skills:

  • Critical thinking - apply relevant concepts to examine information about the responsibilities of a tenant and landlord in a different light
  • Information recall - access the knowledge you've gained regarding what is implied in most residential leases
  • Knowledge application - use your knowledge to answer questions on the types of real estate leases

Additional Learning

Use the related lesson to explore this area of study. The lesson is named Types of Leases in Real Estate and it covers the following objectives:

  • Define lease
  • Understand commercial properties and residential properties
  • Analyze how the relationship between the landlord and tenant is regulated
  • Explain a residential lease
  • Differentiate between commercial leases
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