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Chapter 13 - Principles II

Pioneer School of Real Estate
Horizontales
Lease agreements are very similar to __ agreements when it comes to what is required.
A/An __ lease allows for periodic rent adjustments based on an economic index like the CPI to reflect changes in market conditions or inflation.
A/An __ estate grants the tenant a temporary interest in the property, allowing possession and use but not ownership.
The Texas __ Code provides extensive information regarding the rights and responsibilities of both landlords and tenants as it pertains to lease agreements.
An estate at __ is created when a tenant who lawfully occupied the property continues to stay on after the expiration date of the lease without the permission of the landlord.
Rent __ clause will layout when rent increases will occur during the term of the lease and by how much.
In a __ net lease, the tenant pays one of the three main expense categories.
A/An __ lease is the lease of just land.
A/An __ clause gives the tenant the ability to sublease all or part of the leased space to another tenant.
Verticales
In an estate at __ the landlord and tenant agree that there will be no specific termination of the lease as long as the lease payments are made in a timely manner and the other terms of the agreement are met.
The estate (tenancy) for __ is a leasehold estate that has a definite period and always has specific starting and ending dates.
A/An __ lease is common with retail stores.
An estate from period to period does not have a/an __ date but continues under the original terms until notice of termination is given.
Commercial office leases are most often __ leases.
Oil and gas, and mineral rights are considered __ property.
A lease must be in writing and signed by all parties if the lease is more than __ year(s).
In a/an __ lease, the tenant pays rent plus some or all property expenses, such as taxes, insurance, and maintenance, depending on the lease terms.