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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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.

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Paul Vojchehoske
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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.

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