Property Management Licensing Practice Exam · Question
A commercial property manager in Quebec is reviewing a lease for a retail space. What is a key difference in tenant obligations compared to a residential lease?
In commercial leases, it is common for tenants to be responsible for 'additional rent' which includes their proportionate share of the property's operating cost
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Question: A commercial property manager in Quebec is reviewing a lease for a retail space. What is a key difference in tenant obligations compared to a residential lease?
Answer options:
- Commercial tenants typically have stronger protections regarding rent increases and eviction notices. ✅ Commercial tenants are often responsible for a portion of property taxes and building insurance.
- Residential tenants have more flexibility to assign or sublet their premises.
- Commercial leases are generally shorter in duration than residential leases.
Correct answer: Commercial tenants are often responsible for a portion of property taxes and building insurance.
Explanation: In commercial leases, it is common for tenants to be responsible for 'additional rent' which includes their proportionate share of the property's operating costs, such as property taxes, insurance, and common area maintenance, a concept rarely found in residential leases.
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