HUD Certification Questions and Answers |
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• FHIP . Answer: HUD's Fair Housing Initiatives Program
Provides funding to fair housing organizations and non-profits that educate, investigate,
enforce and promote practices to eliminate housing discrimination.
• FHAP . Answer: HUD's Fair Housing Assistance Program
Provides funding to state and local agencies that enforce those additional fair housing
protections as long as the protections are substantially equivalent to the Fair Housing
Act.
• AFFH . Answer: Affirmatively Furthering Fair Housing
• PHA . Answer: Public Housing Authorities
• Eviction . Answer: A legal process by which someone is expelled from a property,
usually a tenant from a rental property.
• Lease Types:
Written Lease . Answer: A written document outlining the terms by which a property will
be rented. They provide security and can simplify the process of resolving conflicts.
• Lease Types:
Oral Lease . Answer: An agreement that is discussed verbally, but not put in writing,
which outlines the terms by which a property will be rented. They are recognized and
enforced in many states, but they rely simply on the memories of the involved parties
and thus can lead to arguments.
• Tenancy Types:
Contractual Tenancy . Answer: An arrangement in which both a tenant and a landlord
sign an official lease, which outlines a fixed term of tenancy, a rent payment process
and other rental conditions.
• Tenancy Types:
Tenancy at Will . Answer: An arrangement in which the tenant receives permission from
the homeowner to reside in a home without a formal lease, rent payment or a specified
rental period.
• Tenancy Types:
,Tenancy at Sufferance . Answer: An arrangement in which a tenant is allowed to reside
in a home after a lease has expired as long as they continue to meet the condition s of
the original lease.
• Possible reasons to terminate a lease without paying rent for the entire lease period. .
Answer: -The landlord breaches conditions stated in the lease
-The property becomes uninhabitable
-You or your spouse are relocated for a military assignment
• Content Coverage . Answer: This coverage is also known as personal processions
coverage. They reimburses policyholders for personal property destroyed by certain
perils. Depending on the policy insurers can reimburse the tenant for damaged clothing,
furniture, household items, musical instruments, laptops and other items.
Example: Thief steels laptop insurance may reimburse for the value of the laptop.
• Personal Property . Answer: While homeowners policies cover most personal property,
certain valuable items such as expensive jewelry, artwork or silverware may have
limited coverage. Clients with valuable family heirlooms or other expensive items may
want to consider a "floater", a separate policy that provides insurance for specific
valuables.
• Perils . Answer: Qualifying perils may vary by insurance policy. Some examples of
possible qualifying perils include fire, windstorms, hail, vandalism, and theft. Most
regular renters insurance policies will not cover damaged caused by earthquakes or
flooding.
• Loss-of-Use Coverage . Answer: Loss-of-use coverage is also known as additional
living expense coverage. It provides funding for housing and food expenses of
policyholders who temporarily cannot live in their rental home when it is damaged or
destroyed by certain perils.
Example: If fire destroys home then hotel stay and food can be reimbursed.
• Personal Liability Coverage . Answer: Personal liability coverage provides funding for
a defense lawyer or legal judgement if a policyholder is sued for a negligent act that led
to a guest's injury.
Example: If someone trips and gets injured over clutter that doesn't belong to them they
can file a negligence lawsuit against the policyholder.
• Umbrella Policy . Answer: Personal liability coverage provides funding only up to a
certain limit. Those who need a larger amount of liability protection can purchase an
"umbrella" policy, which kicks in when a limit on the main coverage is reached.
, • Insurance Add-Ons . Answer: Add-ons are often referred to as "riders" and
"endorsements". Common add-ons include:
-Earthquake and Flood Coverage
-Business Merchandise Coverage
-Incidental Business Liability
• Actual Cash Value vs. Replacement Cost . Answer: Replacement cost policy is better.
Example: old refrigerator actual cash $50 vs replacement $1700
• Arrearages . Answer: The total amount of past due payments owed to a lender from a
borrower in mortgage payment or to a landlord from a tenant in rental payments also
called arreas.
• Notice to Tenant . Answer: When: Start of the eviction process
Who: The landlord or someone appointed by the landlord, delivers a written or oral
notice that includes:
-Reason the landlord wants the tenant evicted
-Steps tenants can take to avoid eviction
-number of days in which the tenant must pay rent/begin abiding by the lease to avoid
eviction or voluntary move out.
Also called Late Letter, Notice to Vacate Letter, Notice to Quit, Eviction Notice Letter,
Notice of Termination, Rental Eviction Notice or Notice to Vacate.
Timeline:
-Pay rent or quit notice: 3-5 days
-Cure or quit notice: Immediately to 30 days
-Unconditional quit notice: Immediately to 30 days
In some cases they are not given the option to resolve the issue.
• Notice of Petition . Answer: When: After the Period Allowed in the Notice to Tenant
Who: A landlord can file an unlawful detainer complaint if the tenant has not paid rent or
cured the lease violation by the end of the period outlined in the notice to the tenant.
This prompts the court to serve the tenant a notice of petition.
When: Once the landlord files an Unlawful Detainer the court serves the tenant notice of
petition which includes:
-The reason the landlord wants the tenant evicted.
-A request for an "answer"
-Either written or oral response to the Clerk of the Housing Court. Saying that already
paid in full or partial of the rent. Or that the landlord has neglected repair with proof.
-If no answer then the tenant automatically looses the case
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• FHIP . Answer: HUD's Fair Housing Initiatives Program
Provides funding to fair housing organizations and non-profits that educate, investigate,
enforce and promote practices to eliminate housing discrimination.
• FHAP . Answer: HUD's Fair Housing Assistance Program
Provides funding to state and local agencies that enforce those additional fair housing
protections as long as the protections are substantially equivalent to the Fair Housing
Act.
• AFFH . Answer: Affirmatively Furthering Fair Housing
• PHA . Answer: Public Housing Authorities
• Eviction . Answer: A legal process by which someone is expelled from a property,
usually a tenant from a rental property.
• Lease Types:
Written Lease . Answer: A written document outlining the terms by which a property will
be rented. They provide security and can simplify the process of resolving conflicts.
• Lease Types:
Oral Lease . Answer: An agreement that is discussed verbally, but not put in writing,
which outlines the terms by which a property will be rented. They are recognized and
enforced in many states, but they rely simply on the memories of the involved parties
and thus can lead to arguments.
• Tenancy Types:
Contractual Tenancy . Answer: An arrangement in which both a tenant and a landlord
sign an official lease, which outlines a fixed term of tenancy, a rent payment process
and other rental conditions.
• Tenancy Types:
Tenancy at Will . Answer: An arrangement in which the tenant receives permission from
the homeowner to reside in a home without a formal lease, rent payment or a specified
rental period.
• Tenancy Types:
,Tenancy at Sufferance . Answer: An arrangement in which a tenant is allowed to reside
in a home after a lease has expired as long as they continue to meet the condition s of
the original lease.
• Possible reasons to terminate a lease without paying rent for the entire lease period. .
Answer: -The landlord breaches conditions stated in the lease
-The property becomes uninhabitable
-You or your spouse are relocated for a military assignment
• Content Coverage . Answer: This coverage is also known as personal processions
coverage. They reimburses policyholders for personal property destroyed by certain
perils. Depending on the policy insurers can reimburse the tenant for damaged clothing,
furniture, household items, musical instruments, laptops and other items.
Example: Thief steels laptop insurance may reimburse for the value of the laptop.
• Personal Property . Answer: While homeowners policies cover most personal property,
certain valuable items such as expensive jewelry, artwork or silverware may have
limited coverage. Clients with valuable family heirlooms or other expensive items may
want to consider a "floater", a separate policy that provides insurance for specific
valuables.
• Perils . Answer: Qualifying perils may vary by insurance policy. Some examples of
possible qualifying perils include fire, windstorms, hail, vandalism, and theft. Most
regular renters insurance policies will not cover damaged caused by earthquakes or
flooding.
• Loss-of-Use Coverage . Answer: Loss-of-use coverage is also known as additional
living expense coverage. It provides funding for housing and food expenses of
policyholders who temporarily cannot live in their rental home when it is damaged or
destroyed by certain perils.
Example: If fire destroys home then hotel stay and food can be reimbursed.
• Personal Liability Coverage . Answer: Personal liability coverage provides funding for
a defense lawyer or legal judgement if a policyholder is sued for a negligent act that led
to a guest's injury.
Example: If someone trips and gets injured over clutter that doesn't belong to them they
can file a negligence lawsuit against the policyholder.
• Umbrella Policy . Answer: Personal liability coverage provides funding only up to a
certain limit. Those who need a larger amount of liability protection can purchase an
"umbrella" policy, which kicks in when a limit on the main coverage is reached.
, • Insurance Add-Ons . Answer: Add-ons are often referred to as "riders" and
"endorsements". Common add-ons include:
-Earthquake and Flood Coverage
-Business Merchandise Coverage
-Incidental Business Liability
• Actual Cash Value vs. Replacement Cost . Answer: Replacement cost policy is better.
Example: old refrigerator actual cash $50 vs replacement $1700
• Arrearages . Answer: The total amount of past due payments owed to a lender from a
borrower in mortgage payment or to a landlord from a tenant in rental payments also
called arreas.
• Notice to Tenant . Answer: When: Start of the eviction process
Who: The landlord or someone appointed by the landlord, delivers a written or oral
notice that includes:
-Reason the landlord wants the tenant evicted
-Steps tenants can take to avoid eviction
-number of days in which the tenant must pay rent/begin abiding by the lease to avoid
eviction or voluntary move out.
Also called Late Letter, Notice to Vacate Letter, Notice to Quit, Eviction Notice Letter,
Notice of Termination, Rental Eviction Notice or Notice to Vacate.
Timeline:
-Pay rent or quit notice: 3-5 days
-Cure or quit notice: Immediately to 30 days
-Unconditional quit notice: Immediately to 30 days
In some cases they are not given the option to resolve the issue.
• Notice of Petition . Answer: When: After the Period Allowed in the Notice to Tenant
Who: A landlord can file an unlawful detainer complaint if the tenant has not paid rent or
cured the lease violation by the end of the period outlined in the notice to the tenant.
This prompts the court to serve the tenant a notice of petition.
When: Once the landlord files an Unlawful Detainer the court serves the tenant notice of
petition which includes:
-The reason the landlord wants the tenant evicted.
-A request for an "answer"
-Either written or oral response to the Clerk of the Housing Court. Saying that already
paid in full or partial of the rent. Or that the landlord has neglected repair with proof.
-If no answer then the tenant automatically looses the case
