A tenant on a long-term lease at $500 per month wishes to go out of business. The premises are currently worth $1,000 per month. You would likely advise the tenant to consider

A. surrendering the premises.
B. subleasing.
C. assigning the lease.
D. doing none of these.

Answer: B. subleasing.

Business

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If the amount realized at a sheriff's sale as part of a mortgage foreclosure is more than the amount of the indebtedness and expenses, then the excess belongs to

A) the mortgagor. B) the mortgagee. C) the sheriff's office. D) the county.

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A broker legitimately may pay all or part of Real estate commission to a

a. seller b. salesperson c. buyer d. friend who provides a listing lead

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