GEORGIA REAL ESTATE U QUESTIONS & ANSWERS
Under a sublease, who is responsible for making rent payments every month?
A. The original tenant
B. The lease provisions determine who is responsible
C. The new tenant
D. Both the original tenant and the new tenant - Answers :A. The original tenant
An estate for years without a termination date becomes a periodic estate.
What is the usual effect of an estate at will tenant committing waste against the property
(whether intentional or not)?
A. Nothing. Because the leasehold estate is at will, there are no consequences.
B. The estate at will continues, but the lessor can double the rent.
C. The estate at will is terminated
D. The estate at will continues, but the lessee must arrange for and pay for repairs -
Answers :C The estate at will is terminated
A lease includes a provision saying that a tenant who needs to break their lease can
find someone else to take over the remainder of the lease. What is the term for this?
A. Sublease
B. Occupancy controls
C. Lease transfer
D. Confession of judgment - Answers :A. Sublease
In addition to rent, which of these expenses is the tenant responsible for paying in a
double net lease?
A. Property insurance and property taxes
B. Property taxes, insurance and maintenance costs
C. Property taxes and maintenance costs
D. Property insurance and maintenance costs - Answers :A. Property insurance and
property taxes
If a one-year lease begins on October 1, 2017, when does it end?
A. October 1st, 2018
B. October 21st, 2018
C. September 30th, 2019
D. September 30th, 2018 - Answers :D. September 30th, 2018
A one-year lease lasts 365 days, which means the termination date will fall the following
year on the day before the start date.
What type of option is created if the lease says the tenants have the first right to
purchase the property in the future if it is put up for sale?
A. Right to sublease
B. Right of first refusal
,C. Right to purchase
D. Right to renew - Answers :B. Right of first refusal
Generally, under the Lease for Residential Property Agreement, a "guest" is someone
who visits for .......... consecutive days or fewer, or .......... non-consecutive days or
fewer in a 12-month period.
A. 14, 28
B. 20, 28
C. 14, 30
D. 20, 45 - Answers :A. 14,28
A leasehold estate is considered to be a...?
A. Personal property interest
B. Both real and personal property interest
C. Real property interest
D. There is no property interest for a leasehold estate - Answers :A. Personal Property
interest
Under an estate at sufferance, the landlord could go to court to have a trespassing
tenant evicted. What is another possible remedy?
A. Take possession of the tenants' belongings and sell them at auction
B. End the estate at sufferance by selling the property
C. Accept the tenant but at three times the previous rent amount
D. Accept the tenant for another similar lease term - Answers :D. Accept the tenant for
another similar lease term
Section 18 of the Lease for Residential Property Agreement addresses which party is
responsible for lawn care and other exterior maintenance, including...?
A. Driveways and roofing.
B. Walkways, grounds, and siding.
C. Roofing and siding.
D. Driveways, walkways, and grounds. - Answers :D. Driveways, walkways, and
grounds
What type of lease gives a lessee the rights to oil and gas under the lessor's land?
A. Oil & gas lease
B. Gross lease
C. Ground lease
D. Either an oil & gas lease or a ground lease - Answers :A. Oil & gas lease
If a tenant agrees to pay rent, property taxes and insurance premiums, what type of
lease do they have?
A. Triple net lease
B. Gross lease
C. Double net lease
D. Single net lease - Answers :C. Double Net lease
, In a single net lease, the tenant only pays rent and property taxes. In a double net
lease, the tenant also pays for insurance. In a triple net lease, the tenant pays for
everything, including maintenance costs
For any utilities that the tenant is responsible for under section 11 of the Lease
agreement, how many banking days after the start of the lease does the tenant have to
arrange to connect and pay for such utilities?
A. Three days
B. Ten days
C. Twenty days
D. Thirty days - Answers :A. Three days
When the lease in an estate for years ends, what type of leasehold estate exists?
A. Estate at sufferance
B. Estate at will
C. Periodic estate
D. It is still an estate at years - Answers :C. Periodic estate
If the language of an estate at will lease says tenancy continues at the will or desire of
the tenant, under what circumstances can the landlord terminate the lease?
A. The landlord may not be able to terminate the lease
B. The tenant damages the property
C. The tenant does not pay rent
D. The tenant violates a "no pets" provision of the lease - Answers :A. The landlord may
not be able to terminate the lease
What type of leasehold estate specifies a rental period but no pre-defined end date for
the lease?
A. Periodic estate
B. Estate at will
C. Estate for years
D. Estate at sufferance - Answers :A. periodic estate
What is the shortest time period for an estate for years?
A. One year
B. There is no minimum time period
C. Two years
D. Five years - Answers :B. There is no minimum time
Which of the following is not likely to be included in the amount a tenant pays for rent?
A. Utilities
B. Storage space in another part of the building
C. Court costs associated with eviction proceedings
D. Assigned parking spot - Answers :C. Court costs associated with eviction
proceedings
Under a sublease, who is responsible for making rent payments every month?
A. The original tenant
B. The lease provisions determine who is responsible
C. The new tenant
D. Both the original tenant and the new tenant - Answers :A. The original tenant
An estate for years without a termination date becomes a periodic estate.
What is the usual effect of an estate at will tenant committing waste against the property
(whether intentional or not)?
A. Nothing. Because the leasehold estate is at will, there are no consequences.
B. The estate at will continues, but the lessor can double the rent.
C. The estate at will is terminated
D. The estate at will continues, but the lessee must arrange for and pay for repairs -
Answers :C The estate at will is terminated
A lease includes a provision saying that a tenant who needs to break their lease can
find someone else to take over the remainder of the lease. What is the term for this?
A. Sublease
B. Occupancy controls
C. Lease transfer
D. Confession of judgment - Answers :A. Sublease
In addition to rent, which of these expenses is the tenant responsible for paying in a
double net lease?
A. Property insurance and property taxes
B. Property taxes, insurance and maintenance costs
C. Property taxes and maintenance costs
D. Property insurance and maintenance costs - Answers :A. Property insurance and
property taxes
If a one-year lease begins on October 1, 2017, when does it end?
A. October 1st, 2018
B. October 21st, 2018
C. September 30th, 2019
D. September 30th, 2018 - Answers :D. September 30th, 2018
A one-year lease lasts 365 days, which means the termination date will fall the following
year on the day before the start date.
What type of option is created if the lease says the tenants have the first right to
purchase the property in the future if it is put up for sale?
A. Right to sublease
B. Right of first refusal
,C. Right to purchase
D. Right to renew - Answers :B. Right of first refusal
Generally, under the Lease for Residential Property Agreement, a "guest" is someone
who visits for .......... consecutive days or fewer, or .......... non-consecutive days or
fewer in a 12-month period.
A. 14, 28
B. 20, 28
C. 14, 30
D. 20, 45 - Answers :A. 14,28
A leasehold estate is considered to be a...?
A. Personal property interest
B. Both real and personal property interest
C. Real property interest
D. There is no property interest for a leasehold estate - Answers :A. Personal Property
interest
Under an estate at sufferance, the landlord could go to court to have a trespassing
tenant evicted. What is another possible remedy?
A. Take possession of the tenants' belongings and sell them at auction
B. End the estate at sufferance by selling the property
C. Accept the tenant but at three times the previous rent amount
D. Accept the tenant for another similar lease term - Answers :D. Accept the tenant for
another similar lease term
Section 18 of the Lease for Residential Property Agreement addresses which party is
responsible for lawn care and other exterior maintenance, including...?
A. Driveways and roofing.
B. Walkways, grounds, and siding.
C. Roofing and siding.
D. Driveways, walkways, and grounds. - Answers :D. Driveways, walkways, and
grounds
What type of lease gives a lessee the rights to oil and gas under the lessor's land?
A. Oil & gas lease
B. Gross lease
C. Ground lease
D. Either an oil & gas lease or a ground lease - Answers :A. Oil & gas lease
If a tenant agrees to pay rent, property taxes and insurance premiums, what type of
lease do they have?
A. Triple net lease
B. Gross lease
C. Double net lease
D. Single net lease - Answers :C. Double Net lease
, In a single net lease, the tenant only pays rent and property taxes. In a double net
lease, the tenant also pays for insurance. In a triple net lease, the tenant pays for
everything, including maintenance costs
For any utilities that the tenant is responsible for under section 11 of the Lease
agreement, how many banking days after the start of the lease does the tenant have to
arrange to connect and pay for such utilities?
A. Three days
B. Ten days
C. Twenty days
D. Thirty days - Answers :A. Three days
When the lease in an estate for years ends, what type of leasehold estate exists?
A. Estate at sufferance
B. Estate at will
C. Periodic estate
D. It is still an estate at years - Answers :C. Periodic estate
If the language of an estate at will lease says tenancy continues at the will or desire of
the tenant, under what circumstances can the landlord terminate the lease?
A. The landlord may not be able to terminate the lease
B. The tenant damages the property
C. The tenant does not pay rent
D. The tenant violates a "no pets" provision of the lease - Answers :A. The landlord may
not be able to terminate the lease
What type of leasehold estate specifies a rental period but no pre-defined end date for
the lease?
A. Periodic estate
B. Estate at will
C. Estate for years
D. Estate at sufferance - Answers :A. periodic estate
What is the shortest time period for an estate for years?
A. One year
B. There is no minimum time period
C. Two years
D. Five years - Answers :B. There is no minimum time
Which of the following is not likely to be included in the amount a tenant pays for rent?
A. Utilities
B. Storage space in another part of the building
C. Court costs associated with eviction proceedings
D. Assigned parking spot - Answers :C. Court costs associated with eviction
proceedings
