Chpt.18, Leases

Question 1

A landlords right to possession of the premises after the expiration of the lease term

Answer 1

Reversion right

Question 2

A leasehold estate that has a specific beginning and a definite end

Answer 2

Tenancy for years

Question 3

The estate created when a landlord and tenant enter a lease agreement that automatically renews

Answer 3

Periodic tenancy

Question 4

A leasehold estate with an indefinite term that may be terminated by the death of either the landlord or tenant

Answer 4

Tenancy at will

Question 5

A leasehold estate created when a tenant who was in lawful possession of real property continues in possession of leased premises following a tenants breach

Answer 5

Tenancy in sufferance

Question 6

The transfer of some of a tenants interest but no tenants obligations

Answer 6

Sublease

Question 7

The lessee’s privilege of renewing a lease

Answer 7

Option

Question 8

The legal process by which a landlord regains possession of leased premises following a tenants breach

Answer 8

Actual eviction

Question 9

The action by which a tenant may properly abandon premises that have become unusable due to the landlords conscious neglect

Answer 9

Constructive eviction

Question 10

A type of leasehold estate that gives the right of possession with the landlords consent go an unspecified term is called a

Answer 10

Estate at Will

Question 11

Given for the right to occupy leased premises, usually rent but labor could also serve this function

Answer 11

Consideration

Question 12

Recording a lease is usually unnecessary because anyone who inspects the property receives –

Answer 12

Actual Notice

Question 13

If the lease allows the tenant the opportunity to buy the property before the owner accepts an offer from another party, the tenant has–

Answer 13

The right of first refusal

Question 14

If the tenant pays basic rent plus all or most property charges the tenant has a — lease

Answer 14

Net

Question 15

In a lease agreement the tenant is the

Answer 15

Lessee

Question 16

A leasehold estate that continues for a definite period of time

Answer 16

Estate at years

Question 17

A mortgage clause that states the lender agrees not to terminate the tenancies of rent paying tenants in the event the lender forecloses on the building

Answer 17

Non-disturbance clause

Question 18

The arrangement when an owner of property sells the property and then obtains a lease from the new owner

Answer 18

Sale and leaseback

Question 19

A model law that addresses obligations in leases such as the landlords right of entry, premises maintenance and protection of the tenants from retaliation by the landlord in the event of a complaint

Answer 19

Uniform Residential Landlord and Tenant Act

Question 20

A contract between a real estate owner and a tenant

Answer 20

Lease