Property Management
A gross lease means:
AThe tenant pays a base rent plus a share of operating expenses
BThe landlord pays all operating expenses and the tenant pays a fixed rent✓ Correct
CThe tenant pays all property expenses
DRent is based on a percentage of gross sales
Explanation
In a gross lease, the landlord pays all operating expenses (taxes, insurance, maintenance) and the tenant pays a fixed rent. This is common in residential leases. The opposite is a net lease where tenants pay some or all expenses.
Related California Property Management Questions
- What is a 3-Day Notice to Pay Rent or Quit used for in California?
- Under California law, a landlord who wrongfully withholds a tenant's security deposit beyond the statutory deadline must pay the tenant how much in addition to the actual amount wrongfully withheld?
- A commercial property manager is negotiating a lease for a retail tenant. Which lease type requires the tenant to pay base rent plus a share of property taxes, insurance, and operating expenses?
- A property manager must give a tenant written notice before entering a rental unit for non-emergency repairs. What is the minimum advance notice required under California law?
- A property manager notices a roof leak causing damage. The owner is traveling and unreachable. What should the property manager do?
- A property manager who collects rents, signs leases, and manages maintenance on behalf of an owner must hold which California license?
- A percentage lease is most commonly used in:
- In California, a month-to-month residential tenant who has lived in a property for more than one year must receive how much advance notice to terminate the tenancy?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →