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11. Leasing and Property Management (3%)
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A gross lease can be best defined as one where the tenant pays, as a part of the rent,
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no operating expenses of the leased space.
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Terms in this set (5)
A gross lease can be best defined as one where the tenant pays, as a part of the rent,
no operating expenses of the leased space.
gross lease
one in which the landlord pays all expenses related to the property, such as taxes, repairs, insurance, utilities, maintenance), while the tenant pays a fixed rent. These are sometimes called full-service leases.
A landlord may legally refuse to rent to a prospective tenant if the tenant
has ever been convicted of selling illegal drugs.
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have?
Tenancy at will.
If leased premises become unusable for the purpose state in the lease, the tenant may have the right to abandon the premises. This action is called
constructive eviction.
