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A leasehold agreement where the base rent changes is called a:
Suggested Answer: A
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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
32 comments · newest first
CA
Cary
7 months ago
A is the best choice. Good luck, everyone!
IR
Ira
7 months ago
I feel confident about A too. It's straightforward.
AL
Alease
8 months ago
A) variable lease is definitely the answer.
JU
Junita
8 months ago
C is more about sales, not rent changes.
DA
Daniel
8 months ago
I was torn between A and C. But A seems right.
PH
Phyliss
8 months ago
I agree, variable lease fits the description.
AM
Amos
8 months ago
I think it's A) variable lease. Makes sense.
LI
Ligia
8 months ago
100% agree, variable lease is the right term!
TH
Thaddeus
9 months ago
Wait, are you sure about that?
AB
Abraham
9 months ago
No way, it's a net lease!
AN
Antione
9 months ago
I thought it was a percentage lease?
AL
Alex
9 months ago
I’m leaning towards option A, but I feel like net leases also have some changing terms.
EL
Elli
9 months ago
Nailed it! C) percentage lease is the only option that accurately describes a leasehold agreement with a changing base rent.
JU
Judy
9 months ago
Percentage lease? More like "Percentage of my sanity lost while studying for this exam."
JI
Jina
10 months ago
I remember practicing a question about different lease types, and I think a variable lease was mentioned there too.
SA
Sabine
10 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.
VE
Vernice
10 months ago
It's definitely a variable lease!
JE
Jeannine
10 months ago
I thought about B, but it doesn't match the question.
ED
Edison
10 months ago
I’m confused about this one. I thought lease-purchase agreements were more about buying than renting.
LA
Larae
11 months ago
B) net lease is the obvious choice here. The base rent changing is a clear indicator of a net lease arrangement.
TA
Tayna
11 months ago
D) lease-purchase agreement is the way to go. Who doesn't love the option to eventually own the property?
TE
Tesha
11 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.
IL
Ilene
11 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.
LI
Ligia
12 months ago
A variable lease, for sure. The question is pretty straightforward if you understand the different lease types.
MI
Mireya
12 months ago
I'm confident the answer is A) variable lease. That's the only option that matches the description.
GO
Goldie
12 months ago
Okay, let me break this down. A variable lease sounds like the right answer, since the base rent changes.
MA
Mari
1 year ago
Hmm, I'm not sure about this one. I'll have to think it through carefully.
GL
Glory
1 year ago
I think this is a percentage lease, since the base rent changes.
KE
Kenda
6 months ago
Lease-purchase agreement is definitely not it.
CE
Celia
6 months ago
A net lease doesn't fit this description.
JE
Jerilyn
6 months ago
Percentage lease makes sense too.
VE
Veta
7 months ago
I thought it was a variable lease.