Reference no: EM132229305
1. Identify below who are the lessee and lessor (there may be more than one answer)
Tenant and Landlord
Landlord and Tenant
Occupant and Owner
Owner and Occupant
Landlord and Tenant and Owner and Occupant
2. Lease options are often found in lease agreements and could be beneficial because:
They could provide the owner with refund opportunities
They could provide lessors and lessee with a certificate of occupancy
They could provide the customer with a total buyout obligation
They could provide your customer and/or your organization with advantageous lease renewal terms
3. From an expense standpoint, what payment(s) are required of virtually all leases?
Annual rent increase
Operating expense adjustment
Escalation clauses
All of the above
4. Which of the following is not a characteristic of a FM's annual budget?
It is fairly specific and is primarily proactive in nature
It is diverse and has both long and short term impacts on the organization
It has to be responsive to regulations
It is partly reactionary to unforeseen events
5. Which financial statement shows whether a business earned a profit or recorded a loss for a given period of time - typically a monthly basis?
Cash-flow statement
Balance sheet
Income statement
Corporate liability statement