LEASING AGENT EXAM 2024

LEASING AGENT EXAM 2024 The statue of fraud in Illinois states: a. All leases must be in writing. b. Leases for less than a year are enforceable if oral, even if they cannot be completed within a year of their making. C. Contracts entered into by minors are void. d. That leases for more than a year or that cannot be completed within a year of their making must be in writing to be enforceable. - correct answer a. All leases must be in writing. George rents an apartment signing a lease for one year, starting October 1st. He pays the 1st month's rent and pays an amount equal to one month's rent as a security deposit. If, after 4 months, George moves out of the apartment having paid rent for the full 4 months... a. George is responsible for the rent for the remaining 8 months only.. b George is responsible for the remaining rent plus the security deposit. C.George is not responsible for the remaining 8 months if he had to move to another city and had no choice. d. George is responsible for the rent plus any expense incurred to re-rent the apartment for the remaining 8 months, less the amount of rent the landlord coll