Wisconsin Real Estate Salesperson Exam — All Questions
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1 questions
Property Management
In which type of lease does the tenant pay a fixed rent while the landlord pays the property taxes, insurance, and maintenance?
- a.Gross lease✓
- b.Net lease
- c.Percentage lease
- d.Ground lease
Under a gross lease the tenant pays a flat rent and the landlord covers the operating expenses such as taxes, insurance, and maintenance. In a net lease the tenant pays some or all of those expenses in addition to base rent, and a percentage lease ties rent partly to the tenant's sales.