BOMI International BI-RPACS CAP-2101-20 Question # 2 Topic 1 Discussion
CAP-2101-20 Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1
In reviewing the due diligence information, the property manager notices that tenants are on a variety of lease types. Which is the MOST effective approach for the property manager with respect to the current leases?
A.
Adhere to the terms in the current leases.
B.
Hire an attorney to write a special lease rider to make leases uniform.
C.
Require each tenant to sign a new lease from the new owner to create conformity.
D.
Review leases with each tenant and explain that the property now has a triple-net (NNN) lease structure.
Tenantsare not obligatedto sign a new lease or agree to changes unless the lease allows it.
Best (and most legally sound) approach:
A. Adhere to the terms in the current leases–
This respects existing agreements and avoids legal issues. Any changes must happen atrenewal timeor throughmutual agreement.
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