Exam (elaborations)
unit 10 quiz REE 4103 Questions with 100% correct answers | verified | latest update 2024
unit 10 quiz REE 4103 Questions with 100% correct answers | verified | latest update 2024
[Show more]
Content preview
unit 10 quiz REE 4103A lease clause that limits the expenses of the landlord is termed a: - ANS-expense cap
A lease on a 10,668 square foot industrial building, where the rent is specified as
$6,654/month, for a 6-year term with level income throughout the lease term. When the
lease was negotiated, the tenant received free rent for the first month of each year as a
concession. What is the effective rent per square foot per year? - ANS-6.8611
A property forecasted to produce $53,474 of gross income, and which sells for
$517,678 is said to have sold at a GIM of? - ANS-9.6809
A property has potential gross income of $116,263, effective gross income of $68,466,
and operating expenses of $43,004. What is the operating expense ratio? - ANS-
A property sold for $365,659. The buyer anticipated the potential gross income would
be $47,510, the vacancy would be 6%, and expenses would be 34% of EGI in the year
after the purchase. What is the overall capitalization rate (RO)? - ANS-.0806
Any required adjustments in the division of expenses in comparable properties should: -
ANS-Reflect the same lease terms and division of expenses as the subject property
Consider a property with potential gross income of $113,897, effective gross income of
$81,051, and operating expenses of $50,240. What is the net operating income? -
ANS-30811
Effective gross income is income after an allowance for: - ANS-Vacancy and collection
Generally, higher overall cap rates are associated with: - ANS-less desirable properties
If a renewable lease option were found to be favorable to a tenant an appraiser: -
ANS-can assume the tenant would exercise the option to renew
If your capitalization rate is 13%, what is the value difference between a Net operating
Income of $33,449 and $67,338? - ANS-260684.6154
Lease renewals or extensions negotiated with existing tenants: - ANS-
Rental data would not include: - ANS-reproduction costs
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.37. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now