1. A tenant and landlord form a lease. The agreement states that the tenant is responsible for the property taxes and fire and hazard insurance of the property. What type of lease is this?
A) A single net lease
B) A double net lease
C) A triple net lease
D) A quadruple net lease
2. A tenant is deciding between signing a 5 year lease and a 10 year lease. The risk associated with the tenant having to replace one 5 year lease with another 5 year lease of uncertain terms and conditions is referred to as what?
A) interlease risk
B) release risk
C) switching risk
D) discount risk