Unit 12: Leases: Landlord and Tenant

Question 1

actual eviction

Answer 1

suit for possession; legal removal of tenant

Question 2

Americans with Disabilities Act (ADA)

Question 3

assignment

Answer 3

transfer of primary responsibility for a lease to another party

Question 4

Certified Property Manager (CPM)

Question 5

constructive eviction

Answer 5

tenant is forced to move because rental unit is uninhabitable

Question 6

demise

Answer 6

a transfer of property by lease

Question 7

estate for years

Answer 7

lease for a definite period of time

Question 8

gross lease

Answer 8

lease under which landlord pays taxes, insurance, and other expenses

Question 9

ground lease

Answer 9

rental of land on which tenants erect their own buildings

Question 10

holdover tenancy

Answer 10

situation when tenant remains after lease period has expired

Question 11

implied warranty of habitability

Answer 11

landlord’s responsibility for decent conditions

Question 12

lease

Answer 12

a contract btwn landlord and tenant transferring the right to use real property for a specific period of time for rent

Question 13

lessee

Answer 13

the tenant

Question 14

lessor

Answer 14

the landlord

Question 15

management agreement

Answer 15

property manager’s employment agreement

Question 16

net lease

Answer 16

lease in which tenant pays expenses like property taxes, insurance, and so forth

Question 17

percentage lease

Answer 17

lease in which landlord shares in gross receipts of tenant’s business

Question 18

periodic estate

Answer 18

lease with regular payments and no stated ending due date

Question 19

property manager

Answer 19

person who looks after another’s rental real estate

Question 20

sublease

Answer 20

a transfer of only a portion of the lease

Question 21

suit for possession

Answer 21

landlord’s court action to evict tenant lease

Question 22

summary proceeding

Question 23

tenancy at sufferance

Answer 23

tenants remaining after lease term without land lord’s consent

Question 24

tenancy at will

Answer 24

tenancy that may be terminated when landlord/tenant wishes

Question 25

Truth-in-Renting

Answer 25

state requirements that tenants be notified of their rights