Property Management
What is a gross lease?
AA lease where the tenant pays all operating expenses
BA lease where the landlord pays all operating expenses and tenant pays a fixed rent✓ Correct
CA lease based on a percentage of the tenant's sales
DA short-term lease of less than 30 days
Explanation
In a gross lease, the tenant pays a fixed rent and the landlord covers all operating expenses (taxes, insurance, maintenance). Common in residential rentals.
Related California Property Management Questions
- What is a 'management agreement' in property management?
- A property manager collects $5,000 in rents. Under California law, these funds must be:
- What is a 3-Day Notice to Pay Rent or Quit used for in California?
- Under the California Fair Employment and Housing Act (FEHA), which of the following is NOT a protected class in housing?
- California's Unruh Civil Rights Act prohibits discrimination in business establishments based on which of the following?
- A property manager who is a licensed salesperson must perform property management duties under the supervision of:
- 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 executes a lease on behalf of an owner without written authorization from the owner. Which of the following best describes this situation?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →