To the Extent the Tenant Is Permitted to Alter the Leased

question 3

Multiple Choice

To the extent the tenant is permitted to alter the leased premises, the lease should clearly state when this may be done, and under what circumstances. The lease must also be clear about the ownership of such improvements once completed. Which of the following terms refers to items of personal property that are attached to the real property, are paid for and installed by the tenant, and may be removed by the tenant at the termination of the lease?

• A) Trade fixtures
• B) Anchors
• C) Concessions
• D) Expense stop

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Definitions:

Estimated Life Span

The expected duration of time that an organism, object, or system is projected to remain functional or alive.

Inflation

A condition characterized by a continuing rise in prices.