One Complication That Appraisers May Face Is the Variety of Lease

question 35

Multiple Choice

One complication that appraisers may face is the variety of lease types that may be available for a particular property type. Which of the following statements best describes a "graduated" or step-up lease?

• A) The monthly rent remains fixed over the entire lease term.
• B) The lease establishes schedule of rental rate increases over the term of the lease.
• C) Rental rate increases are indexed to the general rate of inflation.
• D) Rental rates are a function of the sales of the tenant's business.

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Definitions:

Substage

In microscopy, a component part of the microscope's stage that allows for adjustments, such as altering the intensity of light, to enhance the visualization of specimens.

Shutter or Diaphragm

Mechanical device in a camera that controls the duration and amount of light that reaches the film or sensor, crucial for exposure.

Ocular Lens

A lens located in the eye that focuses light rays onto the retina, enabling vision.

Stage

Has two clips that hold the specimen slide to be viewed.