Alabama Real Estate Practice Exam 2025 – All-in-One Guide to Master Your Real Estate License!

Question: 1 / 400

What additional payment is required in a Percentage Lease?

A percentage of the tenant's yearly income

A percentage of the gross sales of their business

In a Percentage Lease, the tenant pays a percentage of their gross sales as additional payment to the landlord. This is different from option A, where the tenant's yearly income is considered, and option C, where a fixed percentage of the property expenses is paid. Option D, which mentions the property value, is also incorrect as it is not directly related to the tenant's business operations or sales.

Get further explanation with Examzify DeepDiveBeta

A fixed percentage of the property expenses

A percentage based on the property value

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy