Commercial Income-Producing Properties Chapter 12 Quiz

Which of these factors does not affect net operating income?

Amenities

Commercial real estate includes all of the following except which?

Condominium

With what kind of lease does the owner pay all of the operating expenses?

Gross

Which of the following would not be considered a residential property?

Hotel

All of the following factors will affect the market rent of an apartment except which one?

How likely it is that shopping will locate to the area

Which of these office spaces would have the lowest rent?

Office with view of roof

A shopping center would be primarily categorized as what type of property?

Retail

What kind of lease includes a provision that spells out how the rent will increase periodically and gives the specific amounts and specific dates of those increases?

Step-up

Which of the following is considered a variable expense?

Utilities

What is the gross operating income for a company that has a gross rent income of $102,500, vacancies worth $4,500, extra income of $3,000 and operating expenses of $16,700?

$101,000