Podcast
Questions and Answers
In addition to sales and leases, _________ and _________ can be valid sources of market information, if care is exercised.
In addition to sales and leases, _________ and _________ can be valid sources of market information, if care is exercised.
- Surveys, Assessments
- Offers ,Listings (correct)
- Market reports, Appraisal records
- Historical data, Mortgage filings
List five sources of rental income data:
List five sources of rental income data:
- Property tax assessors, utility companies, building contractors, insurance agents, landscaping vendors
- Commercial property managers, Tenants of comparable properties, Real estate brokers and salespeople, Sellers and purchasers of comparable properties, Public records (correct)
- Title companies, mortgage lenders, credit rating agencies, land use planners, billboard advertisers
- Leasing agents, city planners, maintenance crews, online listing aggregators, appraisers
Another name for market rent is _________ rent.
Another name for market rent is _________ rent.
- Gross
- Contract
- Effective
- Economic (correct)
A lease that provides for one or more extensions of the lease term in the original lease document at the option of the tenant is a _________ lease.
A lease that provides for one or more extensions of the lease term in the original lease document at the option of the tenant is a _________ lease.
The fixed portion of the rent under the terms of a percentage lease is known as _________.
The fixed portion of the rent under the terms of a percentage lease is known as _________.
When contract rent exceeds economic rent, the difference is known as _________ rent.
When contract rent exceeds economic rent, the difference is known as _________ rent.
The rent that is over and above a guaranteed minimum base rent is referred to as _________ rent.
The rent that is over and above a guaranteed minimum base rent is referred to as _________ rent.
A contract that requires a fixed minimum base rent and a variable rent based on volume of business, sales, productivity, or use of the property by the tenant is called a _________ lease.
A contract that requires a fixed minimum base rent and a variable rent based on volume of business, sales, productivity, or use of the property by the tenant is called a _________ lease.
A lease in which the landlord is required to pay all operating expenses associated with the real estate is known as a __________ lease.
A lease in which the landlord is required to pay all operating expenses associated with the real estate is known as a __________ lease.
In a __________ lease, the tenant reimburses the landlord for insurance, real estate taxes, and common area maintenance.
In a __________ lease, the tenant reimburses the landlord for insurance, real estate taxes, and common area maintenance.
List four factors that must be considered when comparing rental properties.
List four factors that must be considered when comparing rental properties.
List five common units of comparison when comparing rental properties.
List five common units of comparison when comparing rental properties.
The total leasable area, including common areas, is known as the __________.
The total leasable area, including common areas, is known as the __________.
The _______________ is the potential gross income, less vacancy
and collection loss, plus appropriate miscellaneous income.
The _______________ is the potential gross income, less vacancy and collection loss, plus appropriate miscellaneous income.
Income from vending machines and coin-operated laundries is considered examples of __________ income.
Income from vending machines and coin-operated laundries is considered examples of __________ income.
The first step in reconstructing the income and expense statement is to determine the __________.
The first step in reconstructing the income and expense statement is to determine the __________.
Which of the following would be considered a proper expense in the reconstructed operating expense statement?
Which of the following would be considered a proper expense in the reconstructed operating expense statement?
Expense amounts for short-lived items such as carpet, drapes, and water heaters are considered _________.
Expense amounts for short-lived items such as carpet, drapes, and water heaters are considered _________.
When reconstructing an income/expense statement, depreciation and debt service would be considered a/an __________.
When reconstructing an income/expense statement, depreciation and debt service would be considered a/an __________.
The income remaining after developing effective gross income and allowing for operating expenses and reserves for replacement is known as the __________.
The income remaining after developing effective gross income and allowing for operating expenses and reserves for replacement is known as the __________.
_________ take the form of either free rent or extra tenant improvement allowances.
_________ take the form of either free rent or extra tenant improvement allowances.
__________ tends to be less than fee simple value because leases are typically set at market level when written but usually fall below market levels as time passes.
__________ tends to be less than fee simple value because leases are typically set at market level when written but usually fall below market levels as time passes.
__________ buildings are generally a little older but still have good quality management and tenants.
__________ buildings are generally a little older but still have good quality management and tenants.
________ rent is used as a common denominator to compare leases with different provisions. This rent is the lease base rent less rent concessions.
________ rent is used as a common denominator to compare leases with different provisions. This rent is the lease base rent less rent concessions.
The formula to calculate an operating expense ratio (OER) is:
The formula to calculate an operating expense ratio (OER) is:
Flashcards
Capital of France (example flashcard)
Capital of France (example flashcard)
Paris
