NCh2 Types Of Leases

Question 1

The landlord pays all the expenses of the property. The tenant pays only rent.

Answer 1

Gross lease

Question 2

The tenant pays rent plus some of the expense of the property

Answer 2

Net lease

Question 3

Lease, in which, all or part of the rent amount is based on the receipts of the tenants business, typically shopping center lease. This lease allows a landlord to participate in a tenant success.

Answer 3

Percentage lease

Question 4

A lease with scheduled rent increases often based on expected business growth

Answer 4

Graduate lease

Question 5

At lease that gives a tenant THE RIGHT to purchase at a future date. The price is set when the agreement is negotiated. It is advantageous to the tenant-buyer

Answer 5

Lease with option to buy

Question 6

An agreement in which part of the rent payment IS APPLIED toward a set purchase price. Title is transferred from lessor to lessee when the lessor receives the prearranged total price.

Answer 6

Lease purchase agreement

Question 7

The tenant is usually making a long-term commitment, up to 99 years the lease is more often for industrial or commercial land use. The tenant WILL BUILD on the leased property.

Answer 7

Ground lease

Question 8

This lease gives the tenant the right to extract oil and gas from a specific property

Answer 8

Oil and gas lease