Exam 16: Real Estate Leases

The owner has rented a home to a tenant for many years. Lately, however, the owner has failed to keep the premises in decent repair. The tenant has left in dismay and sued for damages. The tenant would most probably claim that the owner's failure constituted constructive eviction.

A tenant is living in a house that is for sale. The owner has told the tenant that he can stay there until the house sells. Most likely, they have entered into an estate at will.

Choose the one most appropriate answer for each. -an advance deposit given by a tenant to a landlord against which the landlord can deduct for unpaid rent or damage

A lease conveys the right of possession and use to the landlord.

A 100-unit apartment building would typically require how many full-time management personnel?

Office and industrial leases of five or more years often include an escalator or ____________________ clause.

Choose the one most appropriate answer for each. -professional designations for property managers

A lease which requires a fixed constant amount of rent for each payment period of the term is called a

If a lease on a commercial building contains an escalation clause, the

Choose the one most appropriate answer for each. -the tenant

Under the terms of a normal net lease, the lessee is responsible for all of the following EXCEPT

The lessee's right to quiet enjoyment allows the landlord no right of entry.

A lease wherein the owner receives a percentage of the tenant's gross receipts as rent is called a ____________________ lease.

Choose the one most appropriate answer for each. -statutes that set forth the responsibilities and rights of landlords and tenants

With regard to renting one vacant apartment, advertising money is usually most effectively spent on

Upon termination of a rental contract,

When a property owner offers a premium to entice a prospective tenant to move in, this is known as a rent ____________________.

When a valid, enforceable lease is terminated before expiration by means of a mutual agreement, but no penalties are required between the lessor and the lessee, the situation would be referred to as

Choose the one most appropriate answer for each. -nonpayment of rent would be grounds for this

When a tenant is behind on his rent, the law permits the landlord to remove the tenant's belongings until the rent is paid.