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Legal Real Estate- Ch. 15
Terms in this set (30)
A lease in which the rental amount remains the same for the entire lease term is known as a
A fixed lease is also known as a gross lease. T/F?
A percentage lease is most commonly used with .............tenants
A developer who wants to build on a vacant piece of land may opt for what type of lease
A transfer of benefits and obligations within a contract to a 3rd party who is not originally a party to the contract is known as a/an
The maximum security deposit for an unfurnished apartment is
The maximum security deposit for a furnished apartment is
Security deposits may be non-refundable. T/F?
A landlord may use a tenant's security deposit as liquidated damages. T/F?
Under a typical residential lease, the tenant is responsible for which of the following?
B-Maintaining the apartment
C-Disposing of garbage
D-All of the above
All of the above
Under a lease agreement, the tenant is entitled to quiet enjoyment of the apartment. T/F?
The landlord is responsible for making their apartments habitable for tenants. T/F?
A lease which provides for a varying rental rate, often based upon future determination, is known as a
The removal of a tenant by the landlord because the tenant breached a condition of a lease or another rental contract is known as
Any disturbance of the tenant's possession of the leased premises by the landlord whereby the premises are rendered unfit or unsuitable for the purpose for which they were leased is known as
The right of a tenant to use the property without interference of possession is known as
The right to quiet enjoyment is an example of an express covenant in a lease. T/F?
Landlords may charge a late charge to the tenant if the tenant fails to pay the rent on time. T/F?
The notice for termination of a lease must be in writing. T/F?
A lease may be terminated by which of the following means?
C-Illegal use of the premises
D-All of the above
All of the above
In order to start the eviction process, the landlord must provide the tenant with a
Notice to pay rent or quit
What does a landlord receive from the courts that authorizes the Sheriff to evict a tenant
Writ of possession
Retaliatory eviction is considered illegal. T/F?
A lease requiring a lessee to pay charges against the property such as taxes, insurance and maintenance costs in addition to rental payments, is known as a
What type of lease is commonly used to rent residential apartments
A lease in which the rent is determined by the amount of business done by the lessee is known as a
An agreement for the use of land only, sometimes secured by improvements placed on the land by the user is known as a
A lease must be in writing if the term is greater than one year. T/F?
The courts tend to favor landlords over tenants. T/F?
A net lease is commonly used with office tenants. T/F?
Other sets by this creator
Legal Real Estate- Ch. 14
Legal Real Estate- Ch. 13
Legal Real Estate- Ch. 12
Legal Real Estate- Ch. 11
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