Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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In a percentage lease, the rent may:

  1. Decrease based on the landlord’s discretion

  2. Stay the same

  3. Fluctuate based off sales

  4. Increase annually at a fixed rate

The correct answer is: Fluctuate based off sales

A percentage lease is a type of lease agreement commonly used in commercial real estate. It allows the landlord to share in the profits of the tenant's business by setting a base rent amount and then adding a percentage of the tenant's sales on top of that. This means that the rent may fluctuate based on the tenant's sales, making option C the correct answer. Options A, B, and D are all incorrect because they do not accurately describe how a percentage lease works. In option A, the rent cannot decrease solely based on the landlord's discretion as it is tied to the tenant's sales. In option B, the rent does not stay the same as it is tied to the tenant's sales and may fluctuate. In option D, the rent does not increase annually at a fixed rate as it is dependent on the tenant's sales.

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