(REA) Real Estate Analyst Certification Practice Test
REA Leasing & Property Operations
What is the key difference between a 'gross lease' and a 'net lease'?
Select your answer
A
In a gross lease, the landlord pays operating expenses; in a net lease, the tenant pays some or all operating expenses
B
A gross lease covers the entire building while a net lease covers only a single tenant's space
C
Net leases are used only for industrial properties while gross leases apply to office buildings
D
A gross lease includes utilities while a net lease excludes parking from the rent structure
Hint
