Chapter 12: Leases - Landlord and Tenant

Question 1

action whereby a defaulted tenant is physically ousted from a rental property pursuant to a court order

Answer 1

actual eviction

Question 2

mandates certain adaptations of real estate to accommodate various disabilities

Answer 2

Americans with Disabilities Act (ADA)

Question 3

the transfer in writing of interest in a contract, mortgage, lease, or other instrument

Answer 3

assignment

Question 4

designation by the Institute of Real Estate Management

Answer 4

Certified Property Manager (CPM)

Question 5

landlord actions that so materially disturb or impair the tenant’s enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease without liability for any further rent

Answer 5

constructive eviction

Question 6

the transfer of property by lease

Answer 6

demise

Question 7

an interest for a certain, exact period of time in property leased for a specified consideration

Answer 7

estate for years

Question 8

a lease of property under which a landlord pays all property chargers regularly incurred through ownership, such as repairs, taxes and insurance

Answer 8

gross lease

Question 9

a lease of land only, on which the tenant usually owns a building or constructs a building as specified by the lease

Answer 9

ground lease

Question 10

a tenancy whereby a lessee retains possession of the leased property after his or her lease has expired and the landlord, by continuing to accept rent, agrees to the tenant’s continued occupancy

Answer 10

holdover tenancy

Question 11

landlord’s responsibility for decent living conditions

Answer 11

implied warranty of habitability

Question 12

a written or oral contract between a landlord (the lessor) and the tenant (the lessee) that transfers the right to exclusive possession and use of the landlord’s real property to the lessee for a specified period of time and for a stated consideration (rent)

Answer 12

lease

Question 13

tenant

Answer 13

lessee

Question 14

landlord

Answer 14

lessor

Question 15

property manager’s employment agreement

Answer 15

management agreement

Question 16

a lease requiring the tenant to pay not only rent but also some or all costs of maintaining the property, such as taxes, insurance, utilities and repairs

Answer 16

net lease

Question 17

a lease commonly used in malls; rent is based on the tenant’s gross sales

Answer 17

percentage lease

Question 18

on interest in leased property that continues from period to period, week to week, month to month, year to year

Answer 18

periodic estate

Question 19

someone who manages real estate for another person or compensation

Answer 19

property manager

Question 20

agreement giving tenancy to another; original tenant still responsible

Answer 20

sublease

Question 21

landlord’s court action to evict tenant

Answer 21

suit for possession

Question 22

another term for dispossess proceeding

Answer 22

summary proceeding

Question 23

a situation in which a tenant comes into possession of land by lawful title and keeps it afterward without any right at all

Answer 23

tenancy of sufferance

Question 24

an estate that gives the lessee the right to possession until the estate is terminated by either party; the term of this estate is indefinite

Answer 24

tenancy at will

Question 25

NJ requirement that tenants be informed of their rights; the notice must be available in English and Spanish

Answer 25

Truth in Renting