Property & OwnershipQuestion 101 of 120
A lease in which the tenant pays a fixed rent and the landlord pays most property expenses such as taxes and insurance is a:
a.Net lease
b.Gross lease
c.Percentage lease
d.Ground lease
Explanation
In a gross lease, the tenant pays a flat rent and the landlord covers most operating expenses, common in residential rentals. In a net lease, the tenant pays some or all of those expenses in addition to base rent.
Practice all 120 questions free — no signup required.
Related questions on this topic
- A naturally occurring radioactive gas that can seep into homes and is a common environmental concern in real estate is:
- A homestead exemption in Texas primarily provides a homeowner with:
- In property management, the manager's primary fiduciary duty is to:
- A 'percentage lease' is most commonly used for:
- The Americans with Disabilities Act (ADA) generally requires that:
- Depreciation caused by outdated design, poor floor plan, or obsolete features within the property is called:
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against Texas Real Estate Sales Agent Licensing Exam · How we review