Property Management
A percentage lease commonly used in retail space requires the tenant to pay:
AA flat monthly rent
BRent based on a percentage of the tenant's gross sales✓ Correct
CRent only when profits exceed a threshold
DRent equal to the property's monthly mortgage payment
Explanation
A percentage lease requires the tenant to pay a base rent plus a percentage of their gross sales revenue, commonly used in shopping centers and retail properties.
Related Alabama Property Management Questions
- Under Alabama's Uniform Residential Landlord and Tenant Act, how many days does a landlord have to return a tenant's security deposit after move-out?
- The operating expense ratio (OER) is calculated as:
- Which type of eviction proceeding is used when a tenant is in breach of the lease terms in Alabama?
- The physical vacancy rate for a building measures:
- A lease provision that requires the tenant to return the property in the same condition as received, with allowance for normal wear and tear, is known as a:
- Which of the following is a responsibility of the property manager related to fair housing?
- The implied warranty of habitability requires Alabama landlords to:
- The management fee for a property manager is commonly calculated as:
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →