Property Management Licensing Practice Exam · Question
What is a key difference between a commercial lease and a residential lease?
Commercial tenants typically have fewer statutory protections compared to residential tenants, with terms being more heavily negotiated and less regulated by sp
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Question: What is a key difference between a commercial lease and a residential lease?
Answer options:
- Commercial leases are generally shorter in duration.
- Residential leases often allow for greater negotiation of terms by the tenant. ✅ Commercial leases typically have fewer statutory protections for the tenant.
- Residential leases commonly include 'additional rent' for operating costs.
Correct answer: Commercial leases typically have fewer statutory protections for the tenant.
Explanation: Commercial tenants typically have fewer statutory protections compared to residential tenants, with terms being more heavily negotiated and less regulated by specific government acts.
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