Leases & Leasehold Estates Exam
ACTUAL QUESTIONS AND CORRECT
ANSWERS
As part of his lease agreement with his landlord, Alex mows the grass around his apartment
building each week in return for a small reduction in rent. What is this an example of? -
CORRECT ANSWERS✅✅Covenant
Which of the following is an example of a ground lease? - CORRECT ANSWERS✅✅A
landowner leases undeveloped land to another party, who then builds on that land.
Karsten had a great experience with his apartment and landlord until about two months ago,
when the plumbing in the unit above started leaking into his apartment. The landlord keeps
saying he'll fix it but hasn't, and now Karsten has mold growing on the ceiling and walls.
Karsten is moving out before his lease has expired, which is a form of ______. - CORRECT
ANSWERS✅✅Constructive eviction
Maxwell is a tenant. His lease has a fixed rent in which the landlord pays all taxes, insurance,
and maintenance expenses. What type of lease does he have? - CORRECT
ANSWERS✅✅Gross
An example of this type of leasehold estate is a month-to-month lease. - CORRECT
ANSWERS✅✅Periodic estate
Landlords may protect themselves from having to pay for damages to the property caused by
the tenant by collecting a security ______ from the tenant. - CORRECT
ANSWERS✅✅Deposit
Which of the following describes an estate at sufferance? - CORRECT ANSWERS✅✅The
tenant stays after the right to possess has terminated.
Jacob just signed a lease for his brokerage firm. The lease agreement includes taxes as part of
the base rent. What kind of lease did he sign? - CORRECT ANSWERS✅✅A modified gross
lease
, Which of the following describes an estate for years? - CORRECT ANSWERS✅✅Tenancy
of definite duration that terminates automatically and is inheritable
Carla Ricardo has been offered her dream job in another state. She asks her current landlord
to let her out of her lease early. The landlord agrees to do so, with no strings attached. Carla
and her landlord have decided to terminate the contract through ______. - CORRECT
ANSWERS✅✅Mutual agreement
In which of the following situations does a new tenant take the place of a departing tenant? -
CORRECT ANSWERS✅✅Assignment
Cedric is opening a model railroad shop, but he knows that he'll only run the store until his
partner finishes law school. He signed a three-year lease, after which the lease will terminate.
What kind of leasehold is this? - CORRECT ANSWERS✅✅Estate for years
Which special lease clause stipulates increased rental rates at specific times during the lease
term, or requires tenants to pay a proportionate amount of the overall increased utility
expense, in addition to their base rent? - CORRECT ANSWERS✅✅Escalation
Jake, who was leasing a house, retained possession even after his right to possess had
terminated. Jake has a(n) ______. - CORRECT ANSWERS✅✅Estate at sufferance
Malcolm loves his apartment, even though he's rarely there. His job in international
development has him on the road for months at a time. He doesn't have to worry about
missing out on his lease renewal, though, because he has ______. - CORRECT
ANSWERS✅✅A periodic estate
What's the purpose of the nondisturbance clause in a lease? - CORRECT ANSWERS✅✅It
assures tenants they won't be evicted if they adhere to lease terms.
Which term refers to the tenant's right to live in a rental property without harassment or
trespass by the landlord? - CORRECT ANSWERS✅✅The right of quiet enjoyment
ACTUAL QUESTIONS AND CORRECT
ANSWERS
As part of his lease agreement with his landlord, Alex mows the grass around his apartment
building each week in return for a small reduction in rent. What is this an example of? -
CORRECT ANSWERS✅✅Covenant
Which of the following is an example of a ground lease? - CORRECT ANSWERS✅✅A
landowner leases undeveloped land to another party, who then builds on that land.
Karsten had a great experience with his apartment and landlord until about two months ago,
when the plumbing in the unit above started leaking into his apartment. The landlord keeps
saying he'll fix it but hasn't, and now Karsten has mold growing on the ceiling and walls.
Karsten is moving out before his lease has expired, which is a form of ______. - CORRECT
ANSWERS✅✅Constructive eviction
Maxwell is a tenant. His lease has a fixed rent in which the landlord pays all taxes, insurance,
and maintenance expenses. What type of lease does he have? - CORRECT
ANSWERS✅✅Gross
An example of this type of leasehold estate is a month-to-month lease. - CORRECT
ANSWERS✅✅Periodic estate
Landlords may protect themselves from having to pay for damages to the property caused by
the tenant by collecting a security ______ from the tenant. - CORRECT
ANSWERS✅✅Deposit
Which of the following describes an estate at sufferance? - CORRECT ANSWERS✅✅The
tenant stays after the right to possess has terminated.
Jacob just signed a lease for his brokerage firm. The lease agreement includes taxes as part of
the base rent. What kind of lease did he sign? - CORRECT ANSWERS✅✅A modified gross
lease
, Which of the following describes an estate for years? - CORRECT ANSWERS✅✅Tenancy
of definite duration that terminates automatically and is inheritable
Carla Ricardo has been offered her dream job in another state. She asks her current landlord
to let her out of her lease early. The landlord agrees to do so, with no strings attached. Carla
and her landlord have decided to terminate the contract through ______. - CORRECT
ANSWERS✅✅Mutual agreement
In which of the following situations does a new tenant take the place of a departing tenant? -
CORRECT ANSWERS✅✅Assignment
Cedric is opening a model railroad shop, but he knows that he'll only run the store until his
partner finishes law school. He signed a three-year lease, after which the lease will terminate.
What kind of leasehold is this? - CORRECT ANSWERS✅✅Estate for years
Which special lease clause stipulates increased rental rates at specific times during the lease
term, or requires tenants to pay a proportionate amount of the overall increased utility
expense, in addition to their base rent? - CORRECT ANSWERS✅✅Escalation
Jake, who was leasing a house, retained possession even after his right to possess had
terminated. Jake has a(n) ______. - CORRECT ANSWERS✅✅Estate at sufferance
Malcolm loves his apartment, even though he's rarely there. His job in international
development has him on the road for months at a time. He doesn't have to worry about
missing out on his lease renewal, though, because he has ______. - CORRECT
ANSWERS✅✅A periodic estate
What's the purpose of the nondisturbance clause in a lease? - CORRECT ANSWERS✅✅It
assures tenants they won't be evicted if they adhere to lease terms.
Which term refers to the tenant's right to live in a rental property without harassment or
trespass by the landlord? - CORRECT ANSWERS✅✅The right of quiet enjoyment
