CHAPTER 16-1 Flashcards
1
Q
THE TRANSFER OF AN EXISTING CONTRACT TO NEW PARTIES
A
ASSIGNMENT
2
Q
A CONTRACT BETWEEN THE LANDLORD AND THE TENANT FOR POSSESSION OF A PROPERTY
A
LEASE
3
Q
TRANSFERRING THE TENANT RIGHTS TO A NEW TENANT, THE ORIGINAL TENANT MAY OR MAY NOT BE RESPONSIBLE FOR THE LEASE PAYMENTS
A
LEASE ASSIGNMENT
4
Q
THE TENANT, RECEIVER OF THE LEASE, HAS A LEASEHOLD INTEREST
A
LESSEE
5
Q
INGESTING LEAD CAN CAUSE SERIOUS DAMAGE, KNOWN LEAD BASED PAINT HAZARDS MUST BE DISCLOSED WHEN RENTING OR SELLING RESIDENTIAL PROPERTY BUILT BEFORE JANUARY 1, 1978
A
LEADED BASED PAINT
6
Q
A LEASE WHERE THE TENANT PAYS BASE RENT PLUS THE PROPERTY EXPENSES
A
NET LEASE
