Property Management
In Hawaii, a commercial lease where the tenant pays base rent plus a percentage of gross sales is called a:
AA. Net lease
BB. Percentage lease✓ Correct
CC. Gross lease
DD. Triple net lease
Explanation
A percentage lease requires the tenant to pay base rent plus a percentage of their gross sales above a threshold, commonly used in retail centers.
Related Hawaii Property Management Questions
- What is 'cooperative purchaser program' in Hawaii for long-term rental properties?
- A Hawaii property manager discovers the property has mold. Their obligation is to:
- In Hawaii, what is the primary purpose of a property management trust account audit?
- In Hawaii, a property manager who manages properties for others and receives compensation must hold a:
- Which of the following best describes a gross lease in Hawaii property management?
- In Hawaii, a residential lease with a fixed term of one year automatically becomes what type of tenancy if the tenant remains after expiration without a new agreement?
- A Hawaii commercial tenant pays base rent plus a percentage of their monthly sales. This lease structure is known as a:
- A Hawaii tenant has lived in a rental unit for 5 years under a month-to-month lease. The landlord wants to sell. How must the landlord proceed?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →