Chapter 7 Flashcards
It is illegal to screen and eliminate potential tenants based on:
marital status
A lease in which the lessee is required to pay the property taxes, insurance, and maintenance is known as a:
triple net lease
Lessor A leases to Lessee B who legally subleases to Sublessee C. Which of the following is correct?
Lessor A looks to Lessee B for payment
A landlord signs a 3-year binding residential lease with a tenant. Six months later, the landlord wishes the tenant to move so the landlord’s father can occupy the apartment. The tenant will be forced to move after the landlord serves a:
the tenant cannot be forced to move
Most month-to-month rental agreements can be classified as an:
estate from period to period
A lease on agricultural land cannot exceed:
51 years
The legal action in court to remove a tenant is called:
unlawful detainer
Implied right of habitability means the:
landlord guarantees the residential unit meets housing codes
The maximum security deposit for an unfurnished apartment is:
two month’s rent
A lease for a definite period of time at a flat rental rate is best described as an:
estate for years, payable at a gross rate
A lessee has a: freehold estate life estate none of these fee simple estate
none of these
If an owner deeds a property encumbered by an existing lease, the new owner is best described as the:
grantee-lessor
A landlord signs a lease and the lessee takes possession but never signs the lease. Under these circumstances the lease is:
valid
Quite often a retail store owner will contract to pay rent under a percentage lease. This means the rent is based on:
gross receipts with an established base rent
If a lessee abandons a lease prior to the expiration date, the lessor may:
leave the premises unoccupied and sue for each installment as it becomes due
When a lease is terminated, trade fixtures can usually be:
removed by the tenant, if removal damage is fixed
How many units would there have to be in an apartment building to make it necessary for the owner to hire an on site resident manager?
16 or more units
A broker is hired to collect rents in an apartment house. The rents are due January 1, and the broker is able to collect all but one of the tenant’s rent. The next day the owner dies, and the day after that the delinquent tenant refuses to pay the broker, saying that the owner’s death voided the property management contract. The tenant:
under these circumstances, the tenant was right to not pay
When a valid lease is assigned, the assignee receives the entire leasehold interest and becomes:
a tenant
A lease is to lessee as:
agreement of sale is to equitable owner
A tenant makes a verbal agreement, in front of several people, to lease a home for six months. Two months later the tenant notified the landlord that he or she will be moving out next week. The lease agreement is:
binding although oral
Ms. Estes owned a fee simple estate and leased it to Mr. Eaton for six years. Ms. Estes has:
a reversionary interest
Under the rental offset rules, which of the following is true? The tenant can do housing code repairs up to:
one month’s rent, twice per 12 month period
Under a three-year lease that has expired, if the tenant remains in possession and the owner accepts rent payments, the lease:
becomes a month-to-month tenancy
A store building was leased for ten years and after seven years the lessor died. The lessee learned that the lessor had only a life estate and upon death the property went to the deceased’s children. The
lease terminated on the lessor’s death
Specific laws in the State of California make it illegal to screen and eliminate potential tenants for a rental unit based on: all of the above religion, sex, or age physical handicap, or marital status race, color, or creed
all of the above
The initials CPM stand for:
Certified Property Manager
Which of the following types of leaseholds is no longer used in the State of California?
tenancy at will
If you were to lease a mountain cabin from April 5 to April 30 of the same year, the lease would be recognized as:
estate for years
A type of lease that allows the lessee to purchase the property at a later date at a predetermined price is known as a:
lease option
