This real estate exam prep video outlines 8 types of lease agreements you will need to know for your real estate exam. Key real estate terms discussed:

Net Lease (a.k.a. Triple Net Lease) – A lease agreement that requires the lessee to pay all or sum of the expenses normally paid by the owner.
Gross Lease – A lease agreement whereby the lessee pays the owner only the rent amount. All other costs, with the exception of utilities, are paid by the owner.
Percentage Lease – A lease agreement whereby the lessee pays rent plus a percentage of the gross sales.
Graduated Lease – A lease agreement providing for a predetermined amount of rent increase at specific intervals.
Index Lease – A lease agreement that provides for periodic rent increases as determined by an index such as the Consumer Price Index (CPI).
Ground Lease – A lease agreement for unimproved ground. Common for campgrounds.
Sale-Lease Back – The owner sells their property with an agreement that the seller can lease back the property back
Sandwich Lease – A lease agreement involving the lessor, lessee, and the subtenant (sublessee).
Lessor – The owner of a property being leased.
Lessee – The tenant of a property being leased.

Best of luck with your studies…

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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Paul Vojchehoske

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