Property Management
In Rhode Island, what is a 'staggered lease' structure in a multi-tenant commercial building?
ALeases with irregular payment schedules
BLeases with different expiration dates, reducing the risk of multiple vacancies occurring simultaneously✓ Correct
CLeases where each tenant pays a different rate
DLeases that begin at different points during the year
Explanation
Staggered lease expirations spread tenant lease end dates over different months or years, reducing the risk that a building faces multiple vacancies at once. This is a risk management strategy in commercial property management.
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