Leases and Property Management study set |
Q & A 2023-2024
Which of the following statements is correct? -answer The tenant is
the lessee
Under a net lease, who is liable for payment of insurance and repairs? -
answer lessee
A gross lease requires the tenant to pay rent based on -answer none
of the above
A percentage lease requires the tenant to pay a -answer percentage of
gross sales as rent
A tenant is delinquent in paying rent. The landlord should -answer
bring a court action
A lease that requires the landlord to pay the operating expenses of the
property is called -answer a gross lease
A lease for less than 1 year -answer may be oral
Transfer, by a tenant, of the rights and obligations of an existing lease to
another tenant is called -answer assignment of lease
, A contract that transfers possession but not ownership of property is -
answer a lease
When an individual holds property past the expiration of a lease
without the landlord's consent, the leasehold estate he has is a -answer
tenancy at sufferance
A sublease is a -answer lease made by a lessee and a third party
A landlord rents a store to a furniture retailer on a percentage lease. On
which of the following is the percentage usually based? -answer
tenant's gross sales
Which of the following will not terminate a lease? -answer vacancy
When a leased property is sold, what effect does the sale have upon the
tenant? -answer There is no effect
A lease for more than 1 year must be in writing to be enforceable
because the -answer Statute of Frauds requires it
A lease can state that the rent is to be paid in -answer labor, crops or
cash
An estate at will is -answer a tenancy of uncertain duration
Q & A 2023-2024
Which of the following statements is correct? -answer The tenant is
the lessee
Under a net lease, who is liable for payment of insurance and repairs? -
answer lessee
A gross lease requires the tenant to pay rent based on -answer none
of the above
A percentage lease requires the tenant to pay a -answer percentage of
gross sales as rent
A tenant is delinquent in paying rent. The landlord should -answer
bring a court action
A lease that requires the landlord to pay the operating expenses of the
property is called -answer a gross lease
A lease for less than 1 year -answer may be oral
Transfer, by a tenant, of the rights and obligations of an existing lease to
another tenant is called -answer assignment of lease
, A contract that transfers possession but not ownership of property is -
answer a lease
When an individual holds property past the expiration of a lease
without the landlord's consent, the leasehold estate he has is a -answer
tenancy at sufferance
A sublease is a -answer lease made by a lessee and a third party
A landlord rents a store to a furniture retailer on a percentage lease. On
which of the following is the percentage usually based? -answer
tenant's gross sales
Which of the following will not terminate a lease? -answer vacancy
When a leased property is sold, what effect does the sale have upon the
tenant? -answer There is no effect
A lease for more than 1 year must be in writing to be enforceable
because the -answer Statute of Frauds requires it
A lease can state that the rent is to be paid in -answer labor, crops or
cash
An estate at will is -answer a tenancy of uncertain duration
