Champions Commercial Real Estate- SAE Actual Latest Questions and

Champions Commercial Real Estate- SAE (Actual ) Latest Questions and Answers Indemnify - ----Answers_-----Defend

Gross Lease - ----Answers_-----a lease of property where the landlord pays charges regularly incurred in ownership, such as taxes

Net Lease - ----Answers_-----in addition to rent, the tenant pays expenses such as taxes

Single Net Lease (N) - ----Answers_-----tenant pays rent and property taxes

Double Net Lease (NN) - ----Answers_-----tenant pays rent, property taxes, and property insurance

Triple Net Lease (NNN) - ----Answers_-----tenant pays rent, property taxes, property insurance, and maintenance

Feasibility Period - ----Answers_-----Also known as due diligence period

UCC Search - ----Answers_-----filed with the county clerk by an equipment leasing company notifying the public that there is a prior lease/lein on the equipment and that it cannot be seized by a landlord

Percentage Lease - ----Answers_-----a lease in which all or part of the rental is based on the gross receipts of the tenant's business

LEED - ----Answers_-----a building certification program for properties that are "green"

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Preventative Maintenance - ----Answers_-----servicing a property and its equipment in order to prevent mechanical failure and keep property values high

BOMA - ----Answers_-----An organization that advocates on the part of the building owners and managers

Deferred Maintenance - ----Answers_-----deterioration of a property due to delayed maintenance

Mitigation - ----Answers_-----methods used to lower levels of radon in buildings

EMF's (electromagnetic fields) - ----Answers_-----Energy Fields given off by power lines

Asbestos - ----Answers_-----material previously used to insulate pipes in chimneys and roofs

Radon - ----Answers_-----odorless, colorless, gas that is naturally produced by the decay of radioactive materials in rocks underground

ESA (Environmental Site Assessments) - ----Answers_-----assessment carried out by a qualified environmental professional to determine whether or not a property has been contaminated by any previous or current activities

Leverage - ----Answers_-----Using borrowed money to make money

Capital Gain - ----Answers_-----A return on property when it is sold for profit

Real Estate Investment Syndicate - ----Answers_-----a method of raising funds for the purchase of real estate

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