Lessor-Lessee

Question 1

A residential lease agreement MUST contain what elements?

Answer 1

1) Parties involved
2) lease payment amount
3) lease term
4) Description of lease property

Question 2

What optional terms are allows that won’t fail the agreement for indefiniteness?

Answer 2

liability insurance requirements
repair responsibilities
payment due date

Question 3

The lessee of residential property has the right to

Answer 3

1) Possession

2) quiet enjoyment of the property

Question 4

Quiet enjoyment will be violated if

Answer 4

the lessee breached the contract

Question 5

The lessee’s Implied warranty of habitability means

Answer 5

they have a right to inhabit premises that is fit for human occupation

Question 6

A lease

Answer 6

is not a sale and does not transfer title

Question 7

A lessee

Answer 7

may have possession and control of the property but not ownership

Question 8

When a property is abandoned

Answer 8

owner relinquishes possession and title and subsequent parties who acquires abandoned property with the intent to own it is it’s new owner

Question 9

A tenancy at sufferance

Answer 9

is when a tenant stays in possession of leased property after the lease expires without owner’s consent.

Landlord may evict the tenant through court

Question 10

Tenancy at will

Answer 10

is terminable at the will of the landlord or tenant

Question 11

Tenancy for years

Answer 11

has a fixed beginning and end time

Question 12

Tenancy from period to period

Answer 12

is only created if the landlord allowed the tenant to remain in possession of the property