Lease Agreements Quiz Attempt #2

Lease Agreements Quiz Attempt #2

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*Lease Agreements Quiz #3*
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*Federal Laws Affecting Property Management*

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Question 1 of 10

1. Question
True/False: The rules and regulations for tenants of leased property must only be presented by the landlord when requested.
- TRUE
- FALSE
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Question 2 of 10

2. Question
Elle has just been elected to the board of directors by a group of shareholders. Elle works for a:
- corporation
- limited liability company
- syndicate
- charity
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Question 3 of 10

3. Question
By selling a 20-unit building, what statement would be true in regards to the owner’s sale?
- The tenants will get a month of free rent.
- The existing lease agreements must be honored by the new owner.
- The seller would keep all of the security deposits.
- The new owner can immediately raise the rent.
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Question 4 of 10

4. Question
Does a landlord always need to give advance notice of entry?
- Always before entering a rented property.
- Yes, unless there is an emergency situation.
- No, not if they are the legal property owner
- None of the above are correct regarding access to a rented property.
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Question 5 of 10

5. Question
Which does not terminate a lease?
- constructive or actual eviction.
- condemnation of the property.
- death of the lessor.
- nonpayment of rent.
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Question 6 of 10

6. Question
Who is typically responsible for the repairs of normal wear and tear on a rental property?
- Real estate agent
- Insurance company
- Tenant
- Landlord
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Question 7 of 10

7. Question
Shortly after Shay moves in to her apartment her air conditioning unit breaks down. Who should be responsible for the repairs?
- The renter's insurance company
- Shay because she is the tenant responsible for the property
- The real estate agent because they sold the property to Shay knowing this could have happened
- The landlord because their job is to take care of major repairs and maintain the property
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Question 8 of 10

8. Question
Josh rents a store building, but has to move out because the building is unsafe as a result of his landlord’s negligence. What happens now?
- Josh is entitled to recover damages from his landlord
- Josh has no legal recourse against his landlord
- Josh's landlord will have to provide a substitute space
- Josh's landlord is liable for the rent until the expiration date of the lease
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Question 9 of 10

9. Question
How does a tenant successfully terminate their agreement if their lease is about to expire?
- provide their landlord with two week's notice or the lease will automatically renew
- do nothing, the agreement will terminate automatically at the end of the current term
- sign a termination of lease form
- sign a lease for a new, different apartment, which will automatically terminate the existing lease
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Question 10 of 10

10. Question
Which of the following is a contract that conveys the right to the possess the real property of another; however, it does not convey title?
- dedication
- lease
- quitclaim deed
- bill of sale
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