Upgrade to remove ads
REAL ESTATE QUIZ 9
study this one a lot
Terms in this set (30)
How are leasehold estates typically created?
Who can terminate an estate at will?
Either the landlord or the tenant, or both of them
When the lease in an estate for years ends, what type of leasehold estate exists?
What is the shortest time period for an estate for years?
There is no minimum time period
What is the term for the tenant in a leasehold estate?
Which of the following is an example of a periodic estate?
If the language of an estate at will lease says tenancy continues at the will or desire of the tenant, under what circumstances can the landlord terminate the lease?
The landlord may not be able to terminate the lease
Landlord-tenant law is primarily governed by...?
Which of the following is not a requirement to create the legal capacity to sign a lease?
At least 21 years old
One benefit of using a "confession of judgment" provision in a commercial lease is that...?
The tenant has waived their right to notices and court hearings
Who must sign a lease to make it valid?
The tenant and the landlord, or their authorized agent
Possession of property under a lease entitles the tenant to the lawful right to possess the land and says the landlord cannot substantially interfere. What is this right also known as...?
The covenant of quiet enjoyment
When a landlord leases space to a tenant, the landlord is expected to take whatever action is necessary, at the landlord's expense, to provide a habitable dwelling unit. This is also known as?
The covenant of habitability
Which of the following are provisions of the Uniform Residential Landlord and Tenant Act (URLTA)?
-The landlord's right to enter leased property
-Landlord's right to maintain leased property
-Remedies for tenants if landlord defaults on their obligations
When someone contracts with a property owner to lease real estate from them, one of the benefits they are getting is the right to possess the unit or parcel being leased. This is known as the right of?
If a tenant agrees to pay rent, property taxes and insurance premiums, what type of lease do they have?
double net lease
Which of the following is not a type of net lease?
quadruple net lease
For which of the following lease terms might you find in a ground lease?
Which of these is an example of a graduated lease?
-Rent is adjusted annually based on CPI
-Rent is adjusted every 5 years based on appraised value
-Rent goes up by scheduled amounts, spelled out in the lease
Which of these pieces of information would you probably not find in an oil and gas lease?
how much the lessor will pay the lessee
In addition to rent, which of these expenses is the tenant responsible for paying in a double net lease?
property insurance and property taxes
How can an estate at will be terminated?
-The landlord transfers or sells the property to someone else
-The landlord dies
-The tenant dies
Under which of these scenarios would using a percentage lease make the most sense?
Tenant is a coffee shop in a strip mall
When a commercial tenant in a strip mall signs a double net lease, how is the amount of property taxes and insurance they pay calculated?
Prorated based on the size of the space they are renting
Which party or parties can transfer their rights under the Georgia "Lease for Residential Property Agreement?"
the property owner/landlord
If a property owner does not give the tenant possession of the property by the end of the "delay" provision specified in the lease,...?
The tenant may cancel the lease without penalty
If a tenant does not vacate the property at the end of the lease, they are said to be...?
Section 18 of the Lease for Residential Property Agreement addresses which party is responsible for lawn care and other exterior maintenance, including...?
Driveways, walkways, and grounds.
Which of the following types of routine maintenance are tenants typically responsible for completing?
-Replacing burned out lightbulbs.
-Dealing with clogged plumbing.
-Making sure smoke detectors work.
What is the usual effect of an estate at will tenant committing waste against the property (whether intentional or not)?
the estate will be terminated
THIS SET IS OFTEN IN FOLDERS WITH...
REAL ESTATE QUIZ 33
REAL ESTATE QUIZ 34
Chapter 2: Fundamentals quiz
Chapter 7 (practice quiz)
YOU MIGHT ALSO LIKE...
Pre-License Study Guide Chapters 5-7
Real Estate/ Encumbrance;Liens;Title
Chapter 25 Landlord and Tenant
ACCT 324 ch 48 review
OTHER SETS BY THIS CREATOR
HISTORY OF COSTUME EXAM 1
REAL ESTATE QUIZ 35
REAL ESTATE QUIZ 32
REAL ESTATE QUIZ 31
OTHER QUIZLET SETS
Ch 19 Questions for Exam
KIN 3100 - Final Exam
Science AIMS testing
Combo with "Final exam review 1 social studies" an…