GRI PRE Exam Test Questions And Answers Verified 100% Correct

GRI PRE Exam Test Questions And Answers Verified 100% Correct If a tenant is seeking a remedy for an alleged landlord default and the landlord disputes the claim, the Uniform Residential Landlord and Tenant Act allows the tenant to: - ANSWER make the rental payments to a court impound pending resolution. The Uniform Residential Landlord and Tenant Act generally does not apply to: - ANSWER a residence that is under contract for deed. A lease contract is best described as: - ANSWER a conveyance of a possessory interest. When a tenant acquires a leasehold estate through a lease, what does the property owner acquire? - ANSWER A leased fee estate When an owner leases her property, she temporarily relinquishes the right to: - ANSWER occupy the property. Which of the following happens when a leased property is sold? - ANSWER The buyer acquires title subject to lease. A landlord and tenant complete a one-year lease. The following week, the landlord dies. Which of the following is true? - ANSWER The tenant may annul the lease at his or her option. If a lease does not state a specific ending date, when does it terminate? - ANSWER When either party gives proper notice. In accordance with the Statute of Frauds: - ANSWER oral leases are not enforceable. What is one important difference between a sublease and a lease assignment? - ANSWER In a sublease, the original tenant retains primary responsibility for performance of the original lease contract. Which type of lease conveys rights other than the rights to exclusive use and occupancy of the entire property? - ANSWER A net lease An owner leases a property to a business in exchange for rent. The tenant is required to pay all operating expenses as well. This is an example of a: - ANSWER net lease. The percentage lease is most often used by: - ANSWER retail landlords. Which of the following summarizes the general terms of a ground lease? - ANSWER The tenant leases the ground from the landlord and owns the improvements. Among the usual remedies available to the injured party if tenant or landlord defaults on the terms of the lease is the right to: - ANSWER sue to compel performance of the contract. A lease automatically terminates under which of the following circumstances: - ANSWER The leased property is foreclosed. One of the aims of the Uniform Residential Landlord and Tenant Act is to: - ANSWER discourage the use of unfair and overly complex leases. A primary theme of the Uniform Residential Landlord and Tenant Act is that both landlord and tenant: - ANSWER bargain with each other in good faith. Which of the following types of leasehold estate lacks a specific term? - ANSWER Estate at will A landlord generally has the right to enter the leased premises: - ANSWER for specified reasonable purposes. Among a tenant's primary obligations in a lease is: - ANSWER compliance with the rules and regulations of the building. Among a landlord's primary obligations in a lease is: - ANSWER providing required building support and services. While a one-year lease is in effect, the tenant dies of a sudden illness. In this situation: - ANSWER the tenant's estate is still obligated under the lease. Three college friends rent a house together, and all three sign the lease. After a month, the friends argue and two of them move out. Which of the following is true of the rent obligation? - ANSWER The remaining tenant is responsible for the full rent obligation. A tenant transfers a portion of the leasehold interest to another party. The document that accomplishes this transfer is a(n): - ANSWER sublease.