An Arizona commercial lease includes a 'continuous operation clause.' This means the tenant:
Why Must operate their business continuously during business hours for the lease term, which can be critical for percentage rent leases Is Correct
Answer B: Must operate their business continuously during business hours for the lease term, which can be critical for percentage rent leases
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
People Also Study
Related Arizona Questions
- A percentage lease in Arizona commercial real estate bases rent on:Contracts
- An Arizona commercial lease with a 'right to expand' clause gives the tenant:Contracts
- Arizona's 'Landlord and Tenant Act' requires landlords of residential properties to maintain the premises in a 'habitable' condition. 'Habitable' means the property must have:Property Ownership
- An Arizona buyer assumes the seller's existing mortgage. The buyer's lender requires a 'due-on-sale' clause to be enforced. This means:Finance
- A property owner in Arizona wants to use their residentially zoned property for a small home-based business that does not increase traffic or alter the property's appearance. They may apply for a:Land Use & Zoning
- A property owner in Arizona wants to use their residentially-zoned land for a small commercial business. To do so legally, they would MOST likely need to obtain:Land Use & Zoning
- Adverse possession in Arizona requires continuous, open, and hostile use for a period of:Property Ownership
- An Arizona landlord tells a prospective tenant 'we don't rent to people like you.' If the prospective tenant is a member of a protected class, this statement may constitute:Fair Housing
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 Arizona Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →