Chapter 9 Flashcards
The maximum amount of money a residential tenant may deduct from their rent for self-help defects would be
A. One month’s rent
B. One-half month’s rent not to exceed $300
C. One-half month’s rent or $300, whichever is greater
D. One-half month’s rent or $250, whichever is greater
C. One-half month’s rent or $300, whichever is greater
A landlord may inspect a rental unit if
A. One day’s notice is given
B. Two day’s notice is given
C. Three day’s notice is given
D. No notice is required
B. Two day’s notice is given
A type of ownership that is considered a long-term lease is best described as
A. Townhouse
B. Condominium
C. Patio home
D. Cooperative
D. Cooperative
When a person buys a timeshare, his right to rescind is
A. 3 calendar days
B. 7 calendar days
C. 7 business days
D. 3 business days
B. 7 calendar days
A property manager owes his or her fiduciary duties to the
A. Tenant
B. Arizona Department of Housing
C. Property owner
D. Local police force
C. Property owner
A buyer of a residential unit receives stock as a form of ownership. This is best described as
A. Fee simple ownership
B. Cooperative
C. Townhouse
D. Master planned community
B. Cooperative
In some states, the legal right of a landlord to seize the tenant’s belongings for rents in arrears is called
A. Forbearance
B. Distraint
C. Constructive eviction
D. Actual eviction
B. Distraint
Who may NOT sign a broker’s property management trust account?
A. The broker’s unlicensed assistant
B. The broker’s client
C. A salesperson whose license is with the broker
D. An associate broker whose license is with the broker
B. The broker’s client
When a tenant does NOT pay the monthly rent, the landlord’s first step would be to
A. File a lawsuit in justice court
B. Send a 5-day notice for non-payment of rent
C. Ask the tenant to vacate immediately
D. Have the sheriff evict the tenant
B. Send a 5-day notice for non-payment of rent
If the dwelling is damaged or destroyed by fire, how many days must the tenant give the landlord to terminate the rental agreement?
A. 5 days
B. 7 days
C. 10 days
D. 14 days
D. 14 days
According to the Arizona Landlord Tenant Act, once a lease terminates and a tenant demands the return of the security deposit, the landlord must return the security deposit and give full accounting in how many days?
A. 14 calendar days
B. 7 calendar days
C. 7 business days
D. 14 business days
D. 14 business days
Which of the following best defines the landlord’s legal eviction of the tenant?
A. Constructive eviction
B. Recorded eviction
C. Actual eviction
D. Prescriptive eviction
C. Actual eviction
If the landlord fails to comply with the rental agreement in matters affecting health and safety, the tenant may terminate the lease if the breach is not corrected in how many days?
A. 3 days
B. 5 days
C. 10 days
D. 14 days
B. 5 days
Who must provide the buyer with the homeowner’s association rules for a complex having more than 50 units?
A. Seller
B. Association
C. Escrow
D. Broker
B. Association
A property manager who collects rent and holds the money for an owner must have which of the following?
A. Trust account
B. General account
C. Interest-bearing general account
D. Personal checking account
A. Trust account
