Exam 22: Leases and Property Types

The effective rent calculation is a common measure used to compare the true cost of one lease to another.While there are a number of limitations to this methodology,the effective rent calculation captures:

In commercial leases,rents do not necessarily have to be kept constant over the life of the lease term.One option is for there to be prespecified increases in the contract rental rate over time,sometimes referred to as "step-ups" or "escalations." This type of rent treatment is commonly referred to as:

In contrast to rent for residential units,rent for U.S.commercial properties is typically quoted as:

The large and generally well-known retailers who draw the majority of customers to a shopping center are more commonly referred to as:

In retail property types,rents are quoted on the basis of which of the following?