An 'index lease' in commercial real estate ties rent increases to:
Why A published economic index such as the Consumer Price Index (CPI) Is Correct
Answer B: A published economic index such as the Consumer Price Index (CPI)
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related North Carolina Questions
- Which type of lease provides the most protection to the tenant against rent increases?Property Management
- Under NC law, a commercial landlord who accepts rent from a holdover tenant (after the lease expires without renewal) creates:Property Management
- Which type of mortgage adjusts the interest rate periodically based on a specified index?Finance
- Annual rent on a commercial lease is $24 per square foot. The space is 2,500 square feet. What is the monthly rent?Real Estate Math
- A NC broker who prepares a specialized legal document (such as a custom commercial lease) beyond the standard forms may be engaging in:Contracts
- A NC commercial lease that includes a 'CPI adjustment' (Consumer Price Index) is providing for:Property Management
- An NC commercial lease is $22 per square foot NNN for 3,200 sq ft. Annual base rent is:Real Estate Math
- When a NC commercial tenant's lease includes a 'co-tenancy clause,' rent reduction may be triggered when:Property Management
Key Terms to Know
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Earnest MoneyA 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.
Math Concepts
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →