Property Management And Leases

50 Questions  I  By Bdgimler on February 1, 2011
Chapter 7 Property Management and Leases

  
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1.  When a lease is assigned, who is responsible for rent obligations?
A.
B.
C.
D.
2.  What type of long term lease is best for a commercial tenant during an inflationary period?
A.
B.
C.
D.
3.  What colorless, odorless gas causes cancer and enters a home throug the foundation
A.
B.
C.
D.
4.  The uniform residential landlord and Tenant Act provides that the tenant
A.
B.
C.
D.
5.  The uniform residential landlord and tenant act provides that
A.
B.
C.
D.
6.  The tenant who remains in possession after the lease expires:
A.
B.
C.
D.
7.  The lessee pays for fire insurance under what type of lease?
A.
B.
C.
D.
8.  The initial action in an eviction for non payment of rent would be a(n)
A.
B.
C.
D.
9.  The effect of a lease assignment is that the
A.
B.
C.
D.
10.  R rented a summer cottage for the first two weeks in July.  What type of tenancy does R have?
A.
B.
C.
D.
11.  Partial lease interests were transferred by a lessee.  This is a(n)
A.
B.
C.
D.
12.  One reason a company would sell and then lease back its real property would be
A.
B.
C.
D.
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)
A.
B.
C.
D.
14.  In the absence of a notice to terminate, a lease that automatically renews itself would be a
A.
B.
C.
D.
15.  In accordance with the uniform residential landlord and tenant act, a lessor may properly require that the tenant
A.
B.
C.
D.
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
A.
B.
C.
D.
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
A.
B.
C.
D.
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:
A.
B.
C.
D.
19.  An owner died, which immediately ended a tenant's rights.  What kind of tenancy was it?
A.
B.
C.
D.
20.  An example of constructive eviction would be a
A.
B.
C.
D.
21.  An estate for years would be created by:
A.
B.
C.
D.
22.  An advantage offered to an investor buying a structure subject to a ground lease rather than buying the structure and the land is
A.
B.
C.
D.
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
A.
B.
C.
D.
24.  A valid lease must include
A.
B.
C.
D.
25.  A tenant suffered from lead poisoning relating to the occupancy of an older apartment.  The cause was likely
A.
B.
C.
D.
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
A.
B.
C.
D.
27.  A tenant moved out with 18 months remaining on the lease.  To mitigate damages, the landlord
A.
B.
C.
D.
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?
A.
B.
C.
D.
29.  A tenancy based on permissive occupancy without any tenancy ageement would be
A.
B.
C.
D.
30.  A sublessee is a(n)
A.
B.
C.
D.
31.  A residential tenant on a month to month tenancy generally has a
A.
B.
C.
D.
32.  A residential lease has an implied covenant of
A.
B.
C.
D.
33.  A purchaser concerned with EMF's woudl be interested in knowing about
A.
B.
C.
D.
34.  A property manager is in trouble because of compensation received.  This compensation was a
A.
B.
C.
D.
35.  A property management contract should include
A.
B.
C.
D.
36.  A mineral formerly used in home construction that can cause lung cancer is
A.
B.
C.
D.
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?
A.
B.
C.
D.
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?
A.
B.
C.
D.
39.  A lessee would have the greatest protection  with a(n)
A.
B.
C.
D.
40.  A lessee is relieved of all obligations under the lease when the
A.
B.
C.
D.
41.  A lease that ends on a specified date without the requirement of notice is a(n)
A.
B.
C.
D.
42.  A lease provids that every June 1 the monthly rent will increase by $50.  what itype of lease is this?
A.
B.
C.
D.
43.  A lease prohibited assignment or subletting without the owner's prior approval.  The lessee assigned without asking the lessor.  The assignment is
A.
B.
C.
D.
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?
A.
B.
C.
D.
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)
A.
B.
C.
D.
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
A.
B.
C.
D.
47.  A former owner could be liable for the physical condition of the premises even after ten years
A.
B.
C.
D.
48.  A commercial lease for a definite period of time is terminated by
A.
B.
C.
D.
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
A.
B.
C.
D.
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)
A.
B.
C.
D.
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