Real Estate Math
A Wisconsin building contains 12,000 square feet. A tenant leases 3,000 square feet. What percentage of the building does the tenant occupy?
A20%
B25%✓ Correct
C30%
D33%
Explanation
Percentage = 3,000 ÷ 12,000 = 0.25 = 25%.
People Also Study
Related Wisconsin Questions
- A Wisconsin commercial tenant leases 4,200 square feet at $14.50/sq ft/year. What is the annual rent?Real Estate Math
- A Wisconsin rectangular parcel contains 2.5 acres. At 43,560 sq ft/acre, how many square feet is the parcel?Real Estate Math
- A Wisconsin commercial tenant pays $18 per square foot per year for 2,500 square feet. What is the monthly rent?Real Estate Math
- A Wisconsin home is on a rectangular lot measuring 75 feet wide and 130 feet deep. The home occupies 1,800 square feet. What percentage of the lot does the home cover?Real Estate Math
- Wisconsin's shoreland zoning law requires a minimum building setback of how many feet from the ordinary high water mark of a navigable waterway?Environmental
- Under Wisconsin law, a landlord must provide a tenant with written notice of building code violations that exist at the time of rental. This is required by:Property Management
- The Wisconsin Uniform Residential Landlord and Tenant Act requires that residential rental units meet:Property Management
- A Wisconsin commercial property manager leases office space under a gross lease. Under this arrangement, the tenant pays:Property Management
Key Terms to Know
Amortization
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Math Concepts
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →