Leasing REality Advanced Certificate Program

9 Topics | 12 Assessments

Lesson on Assignment and Subletting

Check Your Understanding: Assignment and Subletting (Parts 1-5)

Check Your Understanding: Assignment and Subletting (Parts 6-9)

Check Your Understanding: Assignment and Subletting (Parts 10-15)

Lesson on Landlord and Tenant Work

Check Your Understanding: Landlord and Tenant Work (Parts 1-5)

Check Your Understanding: Landlord and Tenant Work (Parts 6-9)

Check Your Understanding: Landlord and Tenant Work (Parts 10-16)

Lesson on Operating Expenses, Real Estate Tax Escalations and Percentage Rent Increases

Check Your Understanding: Operating Expense Escalations, Real Estate Tax Escalations and Percentage Rent Increases

Lesson on Anchor Tenants

Check Your Understanding: Anchor Tenant, Co-Tenancy, Continuous and Other Retail Business Operating Requirements

Lesson on Lease Restructurings

Check Your Understanding: Lease Restructurings, Modifications & Workouts

Lesson on Audit Rights

Check Your Understanding: Landlord and Tenant Audit Rights

Lesson on Financial Accounting Standards Board (“FASB”)

Check Your Understanding: FASB Lease Accounting Changes

Talk the Talk: Familiarizing Yourself with Commercial Real Estate Terminology

Check Your Understanding: Familiarizing Yourself with Commercial Real Estate Terminology

Supplemental Reading Materials

Check Your Understanding: Operating Expense Escalations, Real Estate Tax Escalations and Percentage Rent Increases

Leasing REality Advanced Certificate Program Expert Stage Lesson on Operating Expenses, Real Estate Tax Escalations and Percentage Rent Increases Check Your Understanding: Operating Expense Escalations, Real Estate Tax Escalations and Percentage Rent Increases

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Lesson on Operating Expenses, Real Estate Tax Escalations and Percentage Rent Increases 0%

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Question 1 of 5

1. Question
A tenant advocate should aim to keep the definition of operating expenses within the lease as broad as possible.
- True
- False
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Question 2 of 5

2. Question
Generally speaking, landlords are in the business of leasing out their space for profit and tenants are in the business of leasing out space from landlords to conduct their business operations in order to make profit.
- True
- False
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Question 3 of 5

3. Question
As opposed to a landlord having the option at any time during the term of a tenant’s lease to make a decision on the payment method, it is preferable for a tenant to definitively know prior to lease execution whether it will be paying its tax escalation payments in a single lump sum, or alternatively, in monthly, quarterly or semiannual installments.
- True
- False
Correct

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Question 4 of 5

4. Question
When negotiating a percentage rent provision within a retail lease, a landlord should include language reflecting that the tenant is obligated to continuously operate its business in the premises throughout the term of the lease.
- True
- False
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Question 5 of 5

5. Question
In regards to operating expenses, tenants should agree to pay organizational expenses associated with the creation and operation of the entity that constitutes the landlord.
- True
- False
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Incorrect