Commercial Lease Essentials Quiz

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Key lease concepts

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HEATHER

United States

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Commercial Lease Essentials Quiz


Commercial Lease Essentials QuizOnline version Key lease concepts by HEATHER 1 What does a use clause primarily define? a B. How the tenant may use the premises b D. Loan maturity date c C. Property tax amount d A. Building sale price 2 Why do landlords want use clauses? a C. To transfer title automatically b A. To eliminate rent c D. To remove insurance needs d B. To control tenant mix and building compatibility 3 Attornment means a tenant agrees to: a A. Cancel the lease immediately b B. Recognize a successor owner or lender as landlord c C. Buy the property automatically d D. Waive all rent forever 4 An estoppel certificate confirms: a A. Paint colors in the suite b D. Building age only c C. Mortgage payoff amount only d B. Lease status and key facts 5 Subordination generally means the lease is placed behind: a B. Mortgage or superior lien priority b D. Security deposit refunds c C. Utility bills d A. Parking rights 6 A non-disturbance clause is valuable because it may allow the tenant to: a D. Ignore use restrictions b C. Own the property automatically c A. Stop paying rent permanently d B. Continue occupancy after foreclosure if compliant 7 SNDA commonly stands for: a A. Sales, Notes, Debt, Agency b D. Square Footage, Net, Direct, Allocation c C. Security, Notice, Default, Assignment d B. Subordination, Non-Disturbance, Attornment 8 In a sublease, the original tenant usually: a B. Remains responsible under the lease b D. Receives title insurance only c A. Disappears from the lease entirely d C. Becomes landlord owner 9 In an assignment, the tenant generally: a C. Converts rent to taxes b D. Ends the mortgage c A. Transfers lease interest to another party d B. Paints the premises 10 Direct metering usually means: a D. Landlord guesses monthly usage b B. Tenant pays provider based on separate meter c A. Utility cost included in rent d C. No electricity available

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Commercial Lease Essentials Quiz

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About this activity

Created by

Download the paper version to play

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Commercial Lease Essentials QuizOnline version

by HEATHER

What does a use clause primarily define?

Why do landlords want use clauses?

Attornment means a tenant agrees to:

An estoppel certificate confirms:

Subordination generally means the lease is placed behind:

A non-disturbance clause is valuable because it may allow the tenant to:

SNDA commonly stands for:

In a sublease, the original tenant usually:

In an assignment, the tenant generally:

Direct metering usually means: