Leasing and Property Management Practice Question
Question
A seller is reviewing documents before accepting an offer involving net lease. Which statement is the most accurate exam answer? (Item 95)
Answer choices
- A. It is valid only when the buyer pays cash and no lender is involved.
- B. It prevents any later disclosure, even when new facts become known.
- C. Recognize tenant responsibility for specified property expenses.
- D. It applies only to commercial property and never to residential transactions.
Correct Answer
C. Recognize tenant responsibility for specified property expenses.
Explanation
The correct answer is C because net lease requires candidates to recognize tenant responsibility for specified property expenses. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: medium
- Domain: Leasing and Property Management
- Objective: net lease