Contracts
In Alaska commercial real estate, a 'gross lease' means the tenant pays:
AAll operating expenses in addition to base rent
BA fixed rent that includes most or all operating expenses paid by the landlord✓ Correct
CA percentage of gross revenues only
DOnly utility costs, with no base rent
Explanation
In a gross lease, the tenant pays a single fixed rent amount and the landlord pays most or all of the operating expenses (taxes, insurance, maintenance). This is more tenant-friendly and simpler to budget, but gross rents are typically higher to compensate the landlord for bearing the operating costs.
Related Alaska Contracts Questions
- An Alaska purchase agreement includes a 'pre-closing inspection' or 'walkthrough' provision. This inspection allows the buyer to:
- Under an Alaska exclusive agency listing, the seller may:
- Which of the following is true about an 'assignment' of a real estate purchase contract?
- In Alaska, an option contract grants the optionee:
- A buyer makes an offer to purchase a property. Before the seller responds, the buyer calls to withdraw the offer. The withdrawal is:
- Under an exclusive right-to-sell listing, the listing broker earns a commission if:
- An option contract in real estate gives the optionee the:
- An 'as-is' clause in an Alaska purchase agreement:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →