A lease that permits the landlord to pass through increases in operating expenses to the tenant is called a(n):
Why Expense stop lease Is Correct
Answer C: Expense stop lease
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related Alabama Questions
- A commercial lease with a base rent plus operating expense pass-throughs is commonly called a(n):Property Management
- A gross lease in Alabama means the tenant pays:Property Management
- An Alabama income property has a gross income of $60,000, vacancy losses of $3,000, and operating expenses of $22,000. What is the NOI?Real Estate Math
- A building has a gross annual income of $120,000, vacancy and collection loss of 8%, and operating expenses of $35,000. What is the net operating income (NOI)?Real Estate Math
- A building has a gross annual income of $96,000, vacancy loss of 5%, and operating expenses of $28,000. What is the net operating income (NOI)?Real Estate Math
- A property has a gross annual income of $60,000 and annual expenses of $22,000. What is the net operating income (NOI)?Real Estate Math
- A gross lease requires the tenant to pay:Property Management
- A property has an annual gross income of $84,000, a vacancy rate of 5%, and operating expenses of $28,000. What is the NOI?Property Valuation
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →