Leasing and Property Management Practice Question
Question
A broker is supervising a transaction file involving net lease. Which statement is the most accurate exam answer? (Item 50)
Answer choices
- A. It prevents any later disclosure, even when new facts become known.
- B. Recognize tenant responsibility for specified property expenses.
- C. It applies only to commercial property and never to residential transactions.
- D. It is controlled only by local custom rather than by law, contract, or professional duty.
Correct Answer
B. Recognize tenant responsibility for specified property expenses.
Explanation
The correct answer is B 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: hard
- Domain: Leasing and Property Management
- Objective: net lease