Property Management and Leases
50 Questions I 18 Attempts I Created By bdgimler 837 days agoChapter 7 Property Management and Leases
Question Excerpt From Property Management and Leases
| Q.1) | when a lease is assigned, who is responsible for rent obligations? |
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| Q.2) | What type of long term lease is best for a commercial tenant during an inflationary period? |
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| Q.3) | What colorless, odorless gas causes cancer and enters a home throug the foundation |
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| Q.4) | The uniform residential landlord and Tenant Act provides that the tenant |
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| Q.5) | The uniform residential landlord and tenant act provides that |
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| Q.6) | The tenant who remains in possession after the lease expires: |
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| Q.7) | The lessee pays for fire insurance under what type of lease? |
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| Q.8) | The initial action in an eviction for non payment of rent would be a(n) |
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| Q.9) | The effect of a lease assignment is that the |
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| Q.10) | R rented a summer cottage for the first two weeks in July. What type of tenancy does R have? |
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| Q.11) | Partial lease interests were transferred by a lessee. This is a(n) |
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| Q.12) | One reason a company would sell and then lease back its real property would be |
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| Q.13) | J leased to K who subleased to L, who then subleased to M. The lease between K and L could be regarded as a(n) |
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| Q.14) | In the absence of a notice to terminate, a lease that automatically renews itself would be a |
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| Q.15) | In accordance with the uniform residential landlord and tenant act, a lessor may properly require that the tenant |
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| Q.16) | G leased a commercial building to S for ten years. After six months S moved out without notice. G advertised for a tenant. G's action relate to |
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| Q.17) | Broker L, who manages property for M, approaches tenant N for back rent a day after M dies. N refuses to pay. The broker should |
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| Q.18) | An owner wanted to structure the lease to provide income benefits like an annuity but also wanted inflation protection. To a long term net lease she added a provision relating to: |
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| Q.19) | An owner died, which immediately ended a tenant's rights. What kind of tenancy was it? |
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| Q.20) | An example of constructive eviction would be a |
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| Q.21) | An estate for years would be created by: |
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| Q.22) | An advantage offered to an investor buying a structure subject to a ground lease rather than buying the structure and the land is |
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| Q.23) | After receiving a three year lease, a residential tenant moved in and paid the first month's rent, but failed to sign and return a copy to the lessor. As to the tenant's obligations the |
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| Q.24) | A valid lease must include |
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| Q.25) | A tenant suffered from lead poisoning relating to the occupancy of an older apartment. The cause was likely |
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| Q.26) | A tenant on a long term lease purchased the building from his landlord and resold it to investors at a profit, making no mention of lease rights. The lease was terminated by |
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| Q.27) | A tenant moved out with 18 months remaining on the lease. To mitigate damages, the landlord |
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| Q.28) | A tenant has the right to meet the terms offered by any prospective new tenant when the current lease expires. What is this right called? |
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| Q.29) | A tenancy based on permissive occupancy without any tenancy ageement would be |
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| Q.30) | A sublessee is a(n) |
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| Q.31) | A residential tenant on a month to month tenancy generally has a |
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| Q.32) | A residential lease has an implied covenant of |
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| Q.33) | A purchaser concerned with EMF's woudl be interested in knowing about |
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| Q.34) | A property manager is in trouble because of compensation received. This compensation was a |
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| Q.35) | A property management contract should include |
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| Q.36) |
A mineral formerly used in home construction that can cause lung cancer is |
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| Q.37) | A lessor wants a tennant to protect the lessor from claims of others based on problems concerning the premises. What type of insurance would the lessor want the lessee to carry? |
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| Q.38) | A lessor believes the desirability and sales volume of a large retail store will increase dramatically in the next few years. In negotiating a long term lease for the premises, the lessor would ask for what type of lease? |
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| Q.39) | A lessee would have the greatest protection with a(n) |
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| Q.40) | A lessee is relieved of all obligations under the lease when the |
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| Q.41) | A lease that ends on a specified date without the requirement of notice is a(n) |
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| Q.42) | A lease provids that every June 1 the monthly rent will increase by $50. what itype of lease is this? |
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| Q.43) | A lease prohibited assignment or subletting without the owner's prior approval. The lessee assigned without asking the lessor. The assignment is |
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| Q.44) | A lease in which the lessee's total monthly rent costs remain unchanged for the term of the lease is what type of lease? |
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| Q.45) |
A landlord included a clause in the lease that said the tenant would not hold the landlord liable for personal injury or property damage for any reason. This is considered a(n) |
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| Q.46) | A landlord failed to deal with a serious rodent problem, claiming she could not afford an exterminator. A tenant could break a lease based on |
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| Q.47) | A former owner could be liable for the physical condition of the premises even after ten years |
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| Q.48) | A commercial lease for a definite period of time is terminated by |
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| Q.49) | A clause in a three year lease provides that should the tenant retain possession after expiration of the lease, it will be on a month to month basis with a significant increase in rent. This clause is intended to discourage a |
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| Q.50) | A child was injured when he fell through the floor in an abandoned house. If the owner was held liable for the injury, the house was probably considered a(n) |
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