Question 1 & Explain Answer Please

A broker's licensee has a tenant client who wishes to minimize any future increase in expenses for the office space she is interested in leasing. What type of lease should the broker recommend?

A - sublease B - net lease C - gross lease D - percentage lease

Question 2

Buyer broker Polly is representing a retailer who is interested in purchasing with bank financing, a vacant former gas station to redevelop into a doughnut shop. What environmental report will the lender likely require of the buyer and why?

A - A Phase I assessment, which will involve sampling of the soil and water around the property to determine the presence of hazardous substances. B - An Environmental Impact Statement (ElS), as this report contains information regarding the effect of the proposed project en the environment of the area. C - A Phase 1 assessment, which will involve both on-site visual inspection and relevant interviews. This will insure that the property was properly maintained. D - An environmental report meeting the CERCLA criteria within 2 years prior to the date of acquisition of the subject land, as this report will provide innocent landowner defense to the Brownfields Revitalization and Environmental Restoration Act