Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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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
A fixed percentage of the property expenses
A percentage based on the property value

The correct answer is: 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.