Property Managment & Landlord Tennant Act

Question 1

Security deposits may not exceed

Answer 1

One and one half months rent

Question 2

When a less he pays upfront deposits and then cancels the lease the landlord can keep the

Answer 2

Security deposit

Question 3

If a tenant fails to pay rent the first step the landlord takes is to give the tenant

Answer 3

A five day notice

Question 4

A notice of action must be given to the tenant prior to the eviction process this is called

Answer 4

A five day notice

Question 5

Landlord has to return the security posit due to the tenant within

Answer 5

14 business days

Question 6

Checks written on a property management trust account must be signed by the

Answer 6

Broker, licensee or an employee of the company

Question 7

Can a property owner be a signer on a property management trust account

Answer 7

No

Question 8

Tenants security deposit may be

Answer 8

Put in an interest-bearing account

Question 9

A landlord must give the tenant how much notice before entering the unit

Answer 9

48 hours

Question 10

A broker must keep a copy of all rental contracts for at least

Answer 10

One year

Question 11

When a tenant moves out of the property because the unit is no longer livable this is called

Answer 11

Constructive eviction

Question 12

The tenant must give the landlord how many days to repair any defects before the tenant can repair such items

Answer 12

10 days

Question 13

The self-help for minor defects amounts to

Answer 13

One half the months rent or $300 whichever is greater

Question 14

A property manager fails to give a full accounting of the security deposit within 14 days. The landlord it can be held liable for how much

Answer 14

Twice the amount of wrongfully held

Question 15

What clause is the right of a landlord to seize the tenants belongings for rent in arrears. It is illegal in many instances

Answer 15

Distraint clause