Quiz Ch. 73-78

Question 1

Teneant negotiations thatt can be performed by unlicensed agents who have been retained to manage an apartment building include:

Answer 1

accepting rents and security deposits.

Question 2

Apartment complexes with __________ need to have a resident manager.

Answer 2

16 or more units

Question 3

The intangible image or opinion held about a property which affects its earning power is known as:

Answer 3

goodwill.

Question 4

A _____________ runs for an indefinite period of time since it automatically renews monthly, and on the same terms, until modified or terminated by notice.

Answer 4

month-to-month rental agreement

Question 5

To avoid disputes over who is responsible for any damage to the premises, the residential landlord and tenant complete and sign a ____________ before the tenatn is given possession.

Answer 5

condition of premises addendum

Question 6

A lease agreement conveying a term of occupancy exceeding ________ needs to be written to be enforceable, a requirement of the statute of frauds.

Answer 6

one year

Question 7

A ________ provision in a lease ensures application of California law when a dispute arises between a tenant and landlord.

Answer 7

choice-of-law

Question 8

A landlord under a month-to-month rental agreement can increase the rent or shift repair and maintenance obligations to the tenant by serving a:

Answer 8

30 Day Notice of a Change in Rental Terms.

Question 9

A __________ provides a source of recovery money losses incurred by the landlord due to a tenant default on monetary obligations agreed to in the rental or lease agreement.

Answer 9

security deposit

Question 10

If no repairs are made to a rented unit, the residential landlord needs to refund the security deposit, less reasonable deductions, within ________ days after a tenant vacates.

Answer 10

21