Level 6: Unfamiliar Jargon and Technical Terms

 Q. Which of the following words CHANGES  the meaning of the sentence when substituted for the highlighted term “consent”?

4.2

If the Demised Premises are vacant, Tenant shall have the right, with prior written consent from Landlord, to enter. Additionally, Tenant shall have the right, with prior written consent, to enter for any other reasonable purpose permitted by Landlord; provided, however, that such entry (i) shall not interfere with any work being done by or on behalf of Landlord. Any party entering the Demised Premises may be required to wear hardhats. Tenant shall indemnify Landlord against any loss or liability arising therefrom.

4.2: If the Demised Premises are vacant, Tenant shall have the right, with prior written consent from Landlord, to enter. Additionally, Tenant shall have the right, with prior written consent, to enter for any other reasonable purpose permitted by Landlord; provided, however, that such entry shall not interfere with any work being done by or on behalf of Landlord. Any party entering the Demised Premises may be required to wear hardhats. Tenant shall indemnify Landlord against any loss or liability arising therefrom.

  1. A.Agreement
  2. B.Approval
  3. C.Dissent
  4. D.Permit
  5. E.Permission

Q. Which of the following is a possible antonym of the highlighted term “permitted”?

If the Demised Premises are vacant, Tenant shall have the right, with prior written consent from Landlord, to enter. Additionally, Tenant shall have the right, with prior written consent, to enter for any other reasonable purpose permitted by Landlord; provided, however, that such entry (i) shall not interfere with any work being done by or on behalf of Landlord. Any party entering the Demised Premises may be required to wear hardhats. Tenant shall indemnify Landlord against any loss or liability arising therefrom.

4.2: If the Demised Premises are vacant, Tenant shall have the right, with prior written consent from Landlord, to enter. Additionally, Tenant shall have the right, with prior written consent, to enter for any other reasonable purpose permitted by Landlord; provided, however, that such entry shall not interfere with any work being done by or on behalf of Landlord. Any party entering the Demised Premises may be required to wear hardhats. Tenant shall indemnify Landlord against any loss or liability arising therefrom.

  1. A.Approved
  2. B.Denied
  3. C.Conducted
  4. D.Legalized
  5. E.Privileged

Q. Given the context of section 4.4 and the use of the highlighted words "cut-rate prices," the tenant is not allowed to:

4.4

Tenant shall not (i) place an awning or other projection on the exterior of the Demised Premises without Landlord's consent; (ii) advertise that it sells its products or services at "cut-rate" prices; (iii) permit any radio, television, or excessively bright lights or devices on the roof or outside the Demised Premises.

4.4: Tenant shall not 1. place an awning or other projection on the exterior of the Demised Premises without Landlord's consent; 2. advertise that it sells its products or services at "cut-rate" prices; 3. permit any radio, television, or excessively bright lights or devices on the roof or outside the Demised Premises.

  1. A.Take out low-cost television ads on local networks.
  2. B.Promote itself as a wholesaler or a discount store.
  3. C.Use third parties to sell goods and services.

Q. The following document is taken from an actual commercial real estate lease agreement. What can you infer is the meaning of the jargon “hereinafter recited” highlighted in section 1.2?

1.2


In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit.

1.3

For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

1.2: In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit. 1.3: For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

  1. A.Legally enforced by law
  2. B.Read aloud by an attorney
  3. C.Recounted from this point in the document
  4. D.Rent paid by multiple tenants within one building unit

Q. Which of the following words are possible synonyms for the contract jargon “hereby” highlighted in section 1.2?

1.2


In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit.

1.3

For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

1.2: In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit. 1.3: For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

  1. A.“before” or “about”
  2. B.“before” or “instead of”
  3. C.“thus” or “therefore”
  4. D.“thus” or “because of”

Q. Based on the context of this portion of the commercial lease, what can you infer is meant by the words “Demised Premises” highlighted in sections 1.2 and 1.3?

1.2


In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit.

1.3

For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

1.2: In consideration of the rents agreed to be paid hereinafter recited, Landlord does agree to lease to Tenant. Tenant does hereby take from Landlord the Demised Premises located at 123 Peach Tree Lane in the city of Atlanta, Georgia. The Demised Premises will be used by Tenant as a retail unit. 1.3: For the purpose of calculating all rent obligations herein, the square footage shall equal approximately 23,084 square feet. This represents the Demised Premises square footage minus that of the riser room.

  1. A.Abandoned land that has unclear boundaries.
  2. B.A deed restriction that can only be lifted by the Landlord.
  3. C.A property or part of a property that is leased to a tenant.

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