Question 1

In any valid lease, the lessor by law gives an implied covenant of

Accepted Answer

A)  quiet enjoyment. 
B)  satisfaction. 
C)  reconveyance. 
D)  undue duress. 
A)  quiet enjoyment. 
B)  satisfaction. 
C)  reconveyance. 
D)  undue duress.

Question 2

If commercial space is rented out for $.07 per square foot per month the annual rent on a space 80' × 150' would be $9,400.

Accepted Answer

A) True 
 B)False

Question 3

A valid, written lease will automatically be terminated by

Accepted Answer

A)  death of the lessor. 
B)  sale of the leased premises. 
C)  court eviction of the tenant. 
D)  imprisonment of tenant. 
A)  death of the lessor. 
B)  sale of the leased premises. 
C)  court eviction of the tenant. 
D)  imprisonment of tenant.

Question 4

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

Accepted Answer

A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet 
A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet

Question 5

Choose the one most appropriate answer for each.
-an unfit premises would be grounds for this

Accepted Answer

A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet 
A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet

Question 6

The rent that a property can command in the competitive open market is called the ____________________ rent.

Accepted Answer

The answer of The rent that a property can command...

Question 7

A lease cannot be assigned.

Accepted Answer

A) True 
 B)False

Question 8

A written lease agreement is still legal even though it fails to include the terms of the lease.

Accepted Answer

A) True 
 B)False

Question 9

Choose the one most appropriate answer for each.
-the party acquiring possession under a sublet agreement

Accepted Answer

A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet 
A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet

Question 10

A tenant who operates a coffee shop rented a property under a lease which stated there would be no alcohol served. The tenant subsequently began serving liquor. The landlord would most likely seek

Accepted Answer

A)  artistic license. 
B)  eviction. 
C)  condemnation. 
D)  injunctive relief. 
A)  artistic license. 
B)  eviction. 
C)  condemnation. 
D)  injunctive relief.

Question 11

Who holds a less than freehold estate under a valid lease?

Accepted Answer

A)  Lessor 
B)  Lessee 
C)  Landlord 
D)  Owner 
A)  Lessor 
B)  Lessee 
C)  Landlord 
D)  Owner

Question 12

A residential apartment tenant would be expected to pay the landlord for

Accepted Answer

A)  normal wear and tear. 
B)  damage to the apartment caused by the tenant. 
C)  any change in the apartment. 
D)  sun-faded carpet. 
A)  normal wear and tear. 
B)  damage to the apartment caused by the tenant. 
C)  any change in the apartment. 
D)  sun-faded carpet.

Question 13

A rental contract gives the tenant

Accepted Answer

A)  the right of possession. 
B)  temporary ownership. 
C)  a freehold estate. 
D)  the right to encumber. 
A)  the right of possession. 
B)  temporary ownership. 
C)  a freehold estate. 
D)  the right to encumber.

Question 14

A lessee is in possession of a valid lease when a buyer agrees to assume a veteran's loan and close a sale subject to the lease. The earnest money contract is signed before the lease is due to expire. The lease can

Accepted Answer

A)  be terminated immediately. 
B)  be changed by the new buyer. 
C)  not be terminated by the buyer. 
D)  be terminated at close of escrow. 
A)  be terminated immediately. 
B)  be changed by the new buyer. 
C)  not be terminated by the buyer. 
D)  be terminated at close of escrow.

Question 15

Choose the one most appropriate answer for each.
-a lease clause that allows the landlord to add to the tenants rent any increase in expenses during the life of the lease

Accepted Answer

A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet 
A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet

Question 16

Residential landlord tenant laws recently enacted in many states have modified the reliance on common law and contract tenancy right. These changes include all of the following EXCEPT

Accepted Answer

A)  the landlord must supply a fit and habitable premise. 
B)  limits on the amount of security deposit that can be required. 
C)  statutory procedures required for collecting back rent and evicting a tenant. 
D)  defining a leasehold as a recordable real property belonging to the tenant. 
A)  the landlord must supply a fit and habitable premise. 
B)  limits on the amount of security deposit that can be required. 
C)  statutory procedures required for collecting back rent and evicting a tenant. 
D)  defining a leasehold as a recordable real property belonging to the tenant.

Question 17

Lonnie and Connie had a one-year lease that ended November 30. They were still living in the apartment as of December 12 without a new lease and without the landlord's permission. They have become

Accepted Answer

A)  tenants at sufferance. 
B)  tenants in common. 
C)  tenants at will. 
D)  tenants for years. 
A)  tenants at sufferance. 
B)  tenants in common. 
C)  tenants at will. 
D)  tenants for years.

Question 18

Choose the one most appropriate answer for each.
-a resident manager would be in this category

Accepted Answer

A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet 
A) actual eviction 
B) assignment 
C) constructive eviction 
D) contract rent 
E) CPM, RPA
F)gross lease
G)holdover tenant
H)landlord-tenant laws
I)lessee
J)lessor
K)month-to-month lease
L)net lease
M)on-site management
N)participation clause
O)percentage lease
P)rent concession
Q)security deposit
R)step-up rent
S)sublessee
T)sublet

Question 19

A lease for six months is classified as

Accepted Answer

A)  a periodic estate. 
B)  an estate at sufferance. 
C)  an estate at will. 
D)  an estate for years. 
A)  a periodic estate. 
B)  an estate at sufferance. 
C)  an estate at will. 
D)  an estate for years.

Question 20

A tenant seeking both flexibility for himself and commitment from the landlord would request a

Accepted Answer

A)  participation clause. 
B)  month-to-month lease. 
C)  long-term lease. 
D)  lease with options to renew. 
A)  participation clause. 
B)  month-to-month lease. 
C)  long-term lease. 
D)  lease with options to renew.

Exam 16: Real Estate Leases

In any valid lease, the lessor by law gives an implied covenant of

If commercial space is rented out for $.07 per square foot per month the annual rent on a space 80' × 150' would be $9,400.

A valid, written lease will automatically be terminated by

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

Choose the one most appropriate answer for each. -an unfit premises would be grounds for this

The rent that a property can command in the competitive open market is called the ____________________ rent.

A lease cannot be assigned.

A written lease agreement is still legal even though it fails to include the terms of the lease.

Choose the one most appropriate answer for each. -the party acquiring possession under a sublet agreement

A tenant who operates a coffee shop rented a property under a lease which stated there would be no alcohol served. The tenant subsequently began serving liquor. The landlord would most likely seek

Who holds a less than freehold estate under a valid lease?

A residential apartment tenant would be expected to pay the landlord for

A rental contract gives the tenant

A lessee is in possession of a valid lease when a buyer agrees to assume a veteran's loan and close a sale subject to the lease. The earnest money contract is signed before the lease is due to expire. The lease can

Choose the one most appropriate answer for each. -a lease clause that allows the landlord to add to the tenants rent any increase in expenses during the life of the lease

Residential landlord tenant laws recently enacted in many states have modified the reliance on common law and contract tenancy right. These changes include all of the following EXCEPT

Lonnie and Connie had a one-year lease that ended November 30. They were still living in the apartment as of December 12 without a new lease and without the landlord's permission. They have become

Choose the one most appropriate answer for each. -a resident manager would be in this category

A lease for six months is classified as

A tenant seeking both flexibility for himself and commitment from the landlord would request a

Nature and Description of Real Estate

Rights and Interests in Land

Forms of Ownership

Transferring Title

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