Question

Trinity is creating some marketing material for a new leasehold listing. Which of these statements is true?

a) All marketing materials must include the leasehold renegotiation term.
b) The ads must identify how many years are left on the lease.
c) Trinity must identify the property as a leasehold.
d) Trinity must market the property as a periodic lease.

Answer 1

Trinity must indicate in the marketing materials that the property is a leasehold, including lease terms and duration, as these details provide transparency to potential lessees.

Step-by-step explanation:

When Trinity is creating marketing materials for a new leasehold listing, it is important to adhere to the relevant real estate marketing rules and regulations. The true statement in this context is that Trinity must identify the property as a leasehold. This typically means that any marketing materials should clarify to potential lessees that they would not be owning the property outright,

but instead would be leasing it. Important information like the lease terms, the duration of the lease, and any conditions such as the right to renew should be made available as necessary or legally required. However, specifying the exact renegotiation term might not be mandatory unless it is a significant condition that potential buyers must be aware of upfront.