Chapter 12
Leasing Property
IN THIS CHAPTER
Understanding some lease jargon
Seeing what goes into a lease
Looking at different types of leases
Finding out about breaking a lease
As a real estate agent, you may represent the owners of apartment buildings, office buildings, or retail buildings like shopping centers as a leasing agent. Leasing activity is an especially important part of property management and commercial real estate work if your real estate career goes in that direction. Just as you can represent a buyer in a sales transaction, you can also represent a tenant, who is someone seeking to rent an apartment or commercial space, in a leasing transaction. State real estate exam writers expect you to know the basics of leasing. You can answer most of these questions if you simply have a clear understanding of the different related definitions.
In this chapter, I talk about various kinds of estates (interests in real estate) in connection with leases. (For a more complete discussion of estates and interests, see Chapter 6.) I also give you some information about the requirements ...
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