Property Management
In West Virginia, a ground lease is a type of lease where:
AThe tenant leases the land only, constructing their own improvements✓ Correct
BThe tenant rents a ground-floor commercial unit
CThe landlord leases below-grade storage space
DThe lease is tied to agricultural land use only
Explanation
A ground lease is a long-term lease of land only. The tenant constructs buildings or improvements on the land, which typically revert to the landlord at the end of the lease term.
People Also Study
Related West Virginia Questions
- Under the West Virginia Landlord-Tenant Act, a landlord must return a tenant's security deposit within how many days after the lease terminates?Property Management
- A West Virginia property manager uses a triple-net (NNN) lease for a commercial tenant. Under this arrangement, the tenant pays:Property Management
- A West Virginia commercial lease with a percentage rent clause means the tenant pays:Property Management
- A West Virginia commercial tenant on a 'net lease' who pays base rent plus their proportionate share of taxes, insurance, and maintenance is on a:Property Management
- A West Virginia tenant signs a 2-year commercial lease for $1,800/month with a 3% annual rent increase at the end of year 1. What will the monthly rent be in year 2?Real Estate Math
- In West Virginia, which type of development agreement allows a developer to lock in current zoning and development standards for a long-term project?Land Use & Zoning
- A West Virginia tenant with a disability requests permission to have an emotional support animal (ESA) despite a no-pets lease. The landlord must:Fair Housing
- Under West Virginia and federal fair housing law, a landlord who provides different lease terms (higher security deposit) to a tenant because of their religion is:Fair Housing
Key Terms to Know
Earnest Money
A 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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →