With which of the following are rental payments guaranteed to increase during the term of lease?

A. Escalator lease
B. Step-up lease
C. Index lease
D. None of the answers are correct.

Answer: B. Step-up lease

Business

You might also like to view...

What is a fixture? In a landlord-tenant relationship, who has the right to a fixture when the lease expires or the tenant otherwise leaves the leased property?

What will be an ideal response?

Business

Lisa has three fire insurance policies on her office building. The policy from company A is for $400,000, and the policies from companies B and C are for $100,000 each

If Lisa has a $360,000 loss, how much of the loss will be covered by each policy if the loss is settled on a pro rata basis by the insurers? A) each policy: $120,000 B) policy A: $160,000; policies B and C: $100,000 each C) policy A: $240,000; policies B and C: $60,000 each D) policy A: $360,000; policies B and C: nothing

Business