1. In retail leases, the following is true.
a) Space is leased on the basis of GLA.
b) Leases are generally full service.
c) Space is generally delivered to the tenant fully fitted out with tenant improvements.
d) All of the above.
2. The rent quoted for office space is often not reflective of the rent actually being paid for the usable space. One of the factors that must be known in order to calculate the effective rent is
a) Real estate taxes
b) Appraised value
c) Rent concession
d) Market trends