Lease options are often found in lease agreements

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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

Reference no: EM132229305

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