Florida Broker Practice Exam

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Prepare for the Florida Broker Exam. Study with interactive quizzes, flashcards, and multiple choice questions that include hints and explanations. Ace your exam and start your real estate career today!

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To determine total rent in a percentage lease, what must be added together?

Base rent and operating expenses
Gross sales and sales threshold
Base rent and additional rent
Additional rent and maintenance costs

The correct answer is: Base rent and additional rent

In a percentage lease, the total rent is typically composed of two main components: the base rent and additional rent. The base rent is a fixed amount that the tenant agrees to pay regardless of sales performance, while additional rent is usually calculated as a percentage of the tenant's gross sales that exceed a specified threshold. This structure allows landlords to benefit from the tenant’s sales performance by receiving a portion of the profits while still providing the tenant with a predictable, stable rental amount in the form of base rent. By understanding that both these components contribute to the overall rent obligation, it becomes clear how the total amount is determined in this specific leasing arrangement.