Property Management
A 'gross lease' versus a 'net lease' primarily differs in:
AThe type of property to which they apply
BWho is responsible for paying operating expenses✓ Correct
CWhether a security deposit is required
DThe length of the lease term
Explanation
The key difference is expense responsibility: in a gross lease, the landlord pays operating expenses; in a net lease, the tenant pays some or all operating expenses in addition to base rent.
Related Idaho Property Management Questions
- In Idaho, which of the following requires a real estate license for property management activities?
- Under Idaho's Residential Landlord and Tenant Act, a landlord's failure to maintain habitable premises entitles a tenant to:
- What is a 'gross income multiplier' (GIM) compared to a 'gross rent multiplier' (GRM)?
- A property manager's fiduciary duty to the property owner requires the manager to keep which of the following separate from the owner's operating funds?
- What is a 'certificate of occupancy' issue that might affect a property management situation in Idaho?
- The capitalization of income approach to valuing a property for sale by an owner is best described as which of the following?
- What is a 'commercial tenant improvement allowance' (TI) and how does it affect lease negotiations in Idaho?
- In Idaho, what is the term for a tenant who remains in a property after the lease expires without the landlord's consent?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →