5 Written Questions

1. 1. Estate for Years (or Term)
   2. Estate from Period to Period
   3. Estate at Will
   4. Estate at Sufferance
2. tenant pays fixed rent
   landlord pays taxes, insurance and repairs
3. if leased property is sold, new landlord must give notice before terminating leases
   lease does not terminate if parties die or it is sold, with one exception Tenancy at Will
4. landlord's right to possess after lease term expires
5. 1. renewal option - to renew lease
   2. purchase option - to purchase at a predetermined price within a certain period
   3. right of first refusal

5 Matching Questions

1. net lease
2. Estate from Period to Period
3. constructive eviction
4. oil and gas lease
5. leasehold estate

1. a tenant pays operating cost
   rent is net income after cost
2. b leases land to explore for oil and gas
3. c tenant's right; right to sue, right to abandon if unfit; tenant must vacate to claim constructive eviction
4. d tenant's right to possess for length of term
5. e ie. month-to-month, or year-to-year
   CONTINUITY, an indefinite time

5 Multiple Choice Questions

1. owner sells but then leases it back for an agreed period of time
   1. ground lease
   2. oil and gas lease
   3. sale and leaseback
   4. variable lease
2. rent can increase at specific times, graduated, based on CPI
   1. variable lease
   2. sublease
   3. ground lease
   4. gross lease
3. tenant gives payment, gets possession
   1. lease options
   2. actual eviction
   3. gross lease
   4. consideration
4. separate ownership of land and building, tenant agrees to build
   1. gross lease
   2. net lease
   3. ground lease
   4. sublease
5. original tenant off the hook
   1. assignment
   2. sublease
   3. gross lease
   4. net lease

5 True/False Questions

1. actual eviction → tenant gives payment, gets possession

   True        False

2. lease agreement requirements → 1. renewal option - to renew lease
   2. purchase option - to purchase at a predetermined price within a certain period
   3. right of first refusal

   True        False

3. sublease → tenant pays operating cost
   rent is net income after cost

   True        False

4. Estate for Years (Term) → unspecified term and indefinite duration
   terminated at death of either landlord or tenant or at any time with proper notice

   True        False

5. types of leases → tenant pays operating cost
   rent is net income after cost

   True        False