_____ Is a Concession Which Covers the Time While You

question 86

Multiple Choice

_____ is a concession which covers the time while you prepare your location prior to opening.

• A)Rent-free use period
• B)Leasehold improvement
• C)Construction allowance
• D)Tenant improvement allowance

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Definitions:

Intangible Property

Assets that cannot be physically touched or held, such as intellectual property or financial securities.

UCC

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business transactions and contracts.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Mutual Mistake

Mistake as to the same material fact on the part of both parties to a contract. In this situation, either party can cancel the contract.