unit 17 real estate Flashcards


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1

A one-year lease is an example of an estate from period to period.

true

2

An estate at sufferance arises when a tenant who lawfully took possession of real property continues in possession of the premises without the landlord's consent after the right of possession has expired.

true

3

The covenant of quiet enjoyment means that the lessee can occupy the premises without the annoyance of nuisances such as barking dogs or late-night motorcycles.

false

4

A nondisturbance clause is a provision in a lease prohibiting the lessor from disturbing or interfering with the lessee's use of the premises, providing such use is NOT in violation of the terms of the lease. The provision in a lease that prohibits the lessor from disturbing or interfering with the lessee's use of the premises is the covenant of quiet enjoyment.

false

5

In a gross lease, the tenant pays a fixed rent and some or all of the utility expenses, and the landlord pays all taxes, insurance, repairs, remaining utility expenses, if any, and maintenance connected with the property.

true

6

In a net lease, the tenant pays most or all of the property charges, including hazard insurance and property taxes, in addition to the rent.

true

7

The heirs of a deceased landlord are bound by the terms of existing valid leases.

true

8

Federal fair housing and civil right laws affect landlords and tenants just as they do sellers and purchasers.

true

9

A tenancy in which the tenant continues in possession after the lease has expired, without the landlord's permission, is

a tenancy at sufferance.

10

If leased premises become unusable for the purpose stated in the lease, the tenant may have the right to abandon the property and sue and recover damages against the landlord in a legal action called

constructive eviction.

11

Which type of leasehold estate lasts for a definite period of time and then ends?

Estate for years

12

A tenant's lease has expired, but the tenant has not vacated the premises or negotiated a renewal lease. The landlord has declared that the tenant is not to remain in the building. This situation is an example of

tenancy at sufferance.

13

A tenant signs a lease that includes the following clause: "The stated rent under this agreement will be increased or decreased every three months based on the percentage change in the consumer price index (CPI) for that period." What kind of lease has this tenant signed?

Index

14

A lessee has a one-year leasehold interest in a house. The lease automatically renews itself at the end of each year. The lessee's interest is referred to as a tenancy

from period to period.

15

A lessee who pays some or all of the property expenses, such as hazard insurance and property tax, has

a net lease.

16

The tenancy that arises when a tenant who lawfully took possession of real property continues in possession of the premises without the landlord's consent after the right of possession has expired is

the estate at sufferance.

17

If a tenant moved out of a rented store building because access to the building was blocked as a result of the landlord's negligence,

the tenant may be entitled to recover damages from the landlord.

18

Which of the five rights to real property does the landlord sell to the tenant in a lease?

Possession

19

An example of constructive eviction would be a tenant

who moves because the unit no longer has water.

20

A lease agreement that contains language that permits a new landlord to terminate existing leases is

permissible and enforceable.

21

A lease would be terminated by which of the following?

Expiration of the term in a lease for years

22

Either a gross lease or a net lease may be

a percentage lease.

23

The original owners of a commercial property may decide to pull their equity out of the property to use on other projects and reduce taxable income by paying rent to the property's new owner by means of

a sale-and-leaseback.

24

A family's apartment lease has expired, but their landlord has indicated to them that they may remain on the premises until a sale of the building is closed. They will be charged their normal monthly rental during this period. The right held by the family is called

a tenancy at will.

25

Rent would BEST be described as

consideration for the use of real property

26

The lease that provides for the tenant to pay the LEAST amount of expenses other than rent is

the gross lease.

27

A tenant signs a lease that includes a schedule of rent increases on specific dates over the course of the lease term. What kind of lease has this tenant signed?

Graduated

28

A lease should contain all of the following provisions EXCEPT

a sale-and-leaseback clause.

29

The covenant implied in a lease that ensures that the landlord will not interfere in the tenant's possession or use of the property is the covenant

of quiet enjoyment.

30

The lessor, as the owner of the real estate, is usually required to allow the lessee to occupy the premises without interference from the owner or anyone else under the covenant of

quiet enjoyment.