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RE 2A Chapter 7: Landlord & Tenants Quiz

Terms in this set (20)

A transfer of an ENTIRE lease from one person to another is known as a(n):
Assignment
A landlord's responsibilities include:
protecting tenant's health and safety, obeying house laws, giving 24 hours notice before entering rental
An exclusive right to occupy and use property on a temporary basis is known as a(n):
leasehold
How do you to terminate a lease?
Destruction of the premises , surrender of the lease, and expiration of the term
Selling an apartment:
does NOT terminate a tenant's lease
A transaction where an owner sells his or her property to another party and leases the property from the new owner for a stated period of time is known as a:
A sales-leaseback
In a landlord/tenant situation, who would be called the lessor?
Owner
An estate where a tenant continues to retain possession, without the landlord's consent, after the expiration of the lease term is called a(n):
estate at sufferance
When a tenant has lived on a property for less than one year, how many days notice is a landlord required to give to terminate a month-to-month lease?
30 days
The amount of rent stated in the rental agreement is the:
Contract rent
If a retail store rents for $5000 a month or 12% of the gross sales, the tenant has what type of lease?
Percentage lease
The amount that a property should rent for in the current open market is called the:
Economic rent
An estate at sufferance does NOT require a notice of termination because:
the lease has already expired
Which legal document allows a sheriff to physically evict a tenant?
Writ of possession
Which are the type of leasehold estate?
Estate for years, estate from period-to-period, estate at will and estate at sufferance
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