Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 1 Question 3 Discussion

Actual exam question for Real Estate Licensing's Virginia Real Estate Salesperson exam

Question #: 3
Topic #: 1

[All Virginia Real Estate Salesperson Questions]

A leasehold agreement where the base rent changes is called a:

Avariable lease

Bnet lease

Cpercentage lease

Dlease-purchase agreement

Show Suggested Answer

Suggested Answer: A

A variable lease (sometimes called an index lease) is a lease agreement in which the base rent changes during the lease term. Adjustments may occur based on:

Consumer Price Index (CPI)

Scheduled increases at certain intervals

Other options are incorrect:

Net Lease: Tenant pays base rent + some or all property expenses.

Percentage Lease: Rent is based partly on tenant's gross sales (common in retail).

Lease-Purchase Agreement: Tenant leases property with option or obligation to purchase.

Since the question specifies base rent changes, the correct term is variable lease.

Virginia Real Estate Principles & Practices (Leasing section)

Real Estate Board Exam Content Outline: Contracts & Leases

by Mollie at Oct 06, 2025, 11:43 AM

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Alease

9 hours ago

A) variable lease is definitely the answer.

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Junita

6 days ago

C is more about sales, not rent changes.

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Daniel

11 days ago

I was torn between A and C. But A seems right.

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Phyliss

16 days ago

I agree, variable lease fits the description.

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Amos

21 days ago

I think it's A) variable lease. Makes sense.

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Ligia

26 days ago

100% agree, variable lease is the right term!

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Thaddeus

1 month ago

Wait, are you sure about that?

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Abraham

1 month ago

No way, it's a net lease!

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Antione

1 month ago

I thought it was a percentage lease?

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Alex

2 months ago

I’m leaning towards option A, but I feel like net leases also have some changing terms.

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Elli

2 months ago

Nailed it! C) percentage lease is the only option that accurately describes a leasehold agreement with a changing base rent.

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Judy

2 months ago

Percentage lease? More like "Percentage of my sanity lost while studying for this exam."

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Jina

2 months ago

I remember practicing a question about different lease types, and I think a variable lease was mentioned there too.

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Sabine

2 months ago

I think a variable lease is the right answer, but I’m not entirely sure if it’s the same as a percentage lease.

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Vernice

2 months ago

It's definitely a variable lease!

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Jeannine

3 months ago

I thought about B, but it doesn't match the question.

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Edison

3 months ago

I’m confused about this one. I thought lease-purchase agreements were more about buying than renting.

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Larae

3 months ago

B) net lease is the obvious choice here. The base rent changing is a clear indicator of a net lease arrangement.

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Tayna

3 months ago

D) lease-purchase agreement is the way to go. Who doesn't love the option to eventually own the property?

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Tesha

4 months ago

A) variable lease sounds like the right answer to me. The base rent changing over the course of the lease period seems to fit that description.

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Ilene

4 months ago

The correct answer is C) percentage lease. This type of lease agreement is commonly used in retail properties where the rent is based on a percentage of the tenant's sales.

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