Chapter 5 Flashcards
What is the term that describes water rights over a moving body of water?
Answer: Riparian rights
What is the term that describes an increase in property owners’ rights because the land is gradually worn away by natural forces?
Answer: Erosion
What does a leasehold estate entitle a tenant to do?
Answer: Temporarily possess, occupy and use real estate
Property taxes fund all of the following, except…?
Answer: Private schools
What type of leasehold estate exists when a tenant didn’t renew their lease but didn’t move out when the lease ended?
Answer: Estate at sufferance
What type of leasehold estate exists when occupation is for an undefined period of time and can be terminated by the landlord or the tenant?
Answer: Estate at will
How can an estate at will be terminated?
Answer: All of these are true
Under an estate at sufferance, the landlord could go to court to have a trespassing tenant evicted. What is another possible remedy?
Answer: Accept the tenant for another similar lease term
If a property owner feels his or her property taxes are too high, he or she can appeal to…?
Answer: The taxing authority
Which of the following is an example of a periodic estate?
Answer: Month-to-month lease
What is another term for an estate at sufferance?
Answer: Holdover tenancy
Which of the following is not a required component of a lease contract?
Answer: Eviction clause
Which of the following is not an example of a common lease restriction?
Answer: Restricted access hours to the leased unit
One benefit of using a “confession of judgment” provision in a commercial lease is that…?
Answer: The tenant has waived their right to notices and court hearings
Who must sign a lease to make it valid?
Answer: The tenant and the landlord, or their authorized agent
Which of the following is not likely to be included in the amount a tenant pays for rent?
Answer: Court costs associated with eviction proceedings
True or False: If a lease does not specify any restrictions, the tenant can use the leased space for any lawful purpose?
Answer: True. If no restrictions are specified, the tenant can use the property for any lawful purpose.
Possession of property under a lease entitles the tenant to the lawful right to possess the land and says the landlord cannot substantially interfere. What is this right also known as…?
Answer: The covenant of quiet enjoyment
When a landlord leases space to a tenant, the landlord is expected to take whatever action is necessary, at the landlord’s expense, to provide a habitable dwelling unit. This is also known as?
Answer: The covenant of habitability
Under which of the following circumstances can a landlord be absolved of their responsibility to provide a habitable dwelling unit?
Answer: None of these.
What type of option is created if the lease says the tenants have the first right to purchase the property in the future if it is put up for sale?
Answer: Right of first refusal
Under a sublease, who is responsible for making rent payments every month?
Answer: The original tenant
What is the most common cause for breaching a lease?
Answer: The rent isn’t paid as agreed
Which of the following are exceptions to the landlord’s obligation to provide a habitable dwelling unit?
Answer: All of the answer choices provided are correct