chapter 15 quiz
A leasehold estate is considered to be a...? A.Personal property interest B.Real property interest C.Both real and personal property interest D.There is no property interest for a leasehold estatev
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A type of lease for land that may be secured by improvements the tenant makes to the land is called a...? A.Ground lease B.Percentage lease C.Graduated lease D.Gross lease
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Can a tenant make improvements to leased property? A.Yes, with the landlord's permission. B.Yes. No permission is needed. C.No, tenants may never make improvements. D.Only in the first six months of a lease.
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For which of the following lease terms might you find in a ground lease? A.99-year lease B.One-year lease C.Five-year lease D.Ten-year lease
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How are leasehold estates typically created? A.Through leases B.By deed C.By testamentary bequest D.By court order
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How many hours notice is a landlord required to give vacation rental tenants during the expedited eviction proceedings? A.The landlord must give tenants four hours notice to quit the premises. B.The landlord must give the tenant 12 hours notice to quit the premises. C.The landlord must give the tenant 24 hours notice to quit the premises. D.The landlord must give the tenant two hours notice to quit the premises.
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How much notice to vacate does the owner of a foreclosure have to give tenants if they plan to move into the home? A.The owner must only give the tenant a 90-day notice to vacate. B.The owner must honor the terms of the lease and allow the tenant to remain on the property until the lease period ends. C.The owner does not have to give the tenant a notice to vacate. D.The owner must give the tenant a six-month notice to vacate.
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If a tenant agrees to pay rent, property taxes and insurance premiums, what type of lease do they have? A.Double net lease B.Triple net lease C.Gross lease D.Single net lease
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If the language of an estate at will lease says tenancy continues at the will or desire of the tenant, under what circumstances can the landlord terminate the lease? A.The landlord may not be able to terminate the lease B.The tenant does not pay rent C.The tenant damages the property D.The tenant violates a "no pets" provision of the lease
A
If they change their mind, how can a landlord cancel the summary ejectment process? A.To cancel the eviction process, they must file a notice of voluntary dismissal. B.They must meet with the tenant and arrive at a verbal agreement as to how to resolve their differences. C.They must pay the court $500 to cancel the eviction process. D.The summary ejectment process cannot be stopped once it's officially begun.
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In addition to rent, which of these expenses is the tenant responsible for paying in a double net lease? A.Property insurance and property taxes B.Property insurance and maintenance costs C.Property taxes and maintenance costs D.Property taxes, insurance and maintenance costs
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Landlord-tenant law is primarily governed by...? A.State law B.Federal law C.The US Constitution D.The Civil Rights Act
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Lease contracts are used for...? A.Both commercial and residential real estate B.Only commercial real estate C.Only residential real estate D.Only fractional ownership real estate
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One benefit of using a "confession of judgment" provision in a commercial lease is that...? A.The tenant has waived their right to notices and court hearings B.The landlord must go to court to evict a non-paying tenant C.A tenant can only be evicted through a court judgment D.It's harder and more expensive for a landlord to evict a tenant
A
Possession of property under a lease entitles the tenant to the lawful right to possess the land and says the landlord cannot substantially interfere. What is this right also known as...? A.The covenant of quiet enjoyment B.The covenant of habitability C.The covenant of reasonable accommodation D.The covenant of constructive eviction
A
Tenants with disabilities are authorized to make reasonable accommodations to leased property to make the premises handicapped-accessible. This is authorized under the...? A.Americans with Disabilities Act B.Tenants' Disabilities Act C.Federal Handicapped Accessibility Act D.State landlord-tenant laws only
A
True or False: If a lease does not specify any restrictions, the tenant can use the leased space for any lawful purpose? A.True. If no restrictions are specified, the tenant can use the property for any lawful purpose. B.False. Tenants may only possess, use, and occupy leased space. C.True. Tenants may also use the space for unlawful activities, if the lease does not specify otherwise. D.False. Tenants in a residential lease can never use leased space for commercial purposes.
A
Under an estate at sufferance, the landlord could go to court to have a trespassing tenant evicted. What is another possible remedy? A.Accept the tenant for another similar lease term B.Accept the tenant but at three times the previous rent amount C.End the estate at sufferance by selling the property D.Take possession of the tenants' belongings and sell them at auction
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Under this type of lease, the tenant is responsible for base rent plus additional expenses like taxes, insurance, and maintenance? A.Net lease B.Ground lease C.Gross lease D.Percentage lease
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Under which of these scenarios would using a percentage lease make the most sense? A.Tenant is a coffee shop in a strip mall B.Tenant is an individual leasing an apartment C.Tenant is a big box store looking for a new location D.Lessee is an oil and gas company wanting to expand drilling
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What does a leasehold estate entitle a tenant to do? A.Temporarily possess, occupy and use real estate B.Permanently possess, occupy and use real estate C.Sublease real property D.Transfer or sell real estate
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What is "constructive eviction"? A.It's a type of eviction that occurs because a landlord fails to keep a property safe and habitable. B.It's a type of eviction that occurs when a landlord hires construction workers to make extensive renovations to a property. C.It's the type of eviction that results from a tenant's failure to pay rent on time. D.There is no such thing as constructive eviction.
A
What is a landlord required to do if they use the security deposit or a portion of the security deposit to pay for things permitted by North Carolina law? A.The landlord must provide an accounting of how the security deposit was used to the tenant. B.The landlord does not have to do anything if they use the tenant's security deposit to pay for justifiable expenses, such as unpaid rent. C.The landlord must call the tenant on the phone and explain how and why they used the security deposit or a portion of the security deposit. D.The landlord must file a report with the local court if they use the security deposit or any portion of the security deposit.
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What is an example of "good cause" that would make it possible for a landlord to terminate the lease of a public housing tenant? A.The tenant selling drugs out of the rental. B.Late payment of rent by the tenant. C.The tenant reporting the landlord for failing to maintain the property. D.The tenant failing to notify the landlord of a pet in the rental.
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What is the "summary ejectment" process? A.The summary ejectment process is the method that landlords use to evict tenants according to North Carolina law in small claims court. B.It's what's also known as "self-help eviction," in which the landlord changes the locks or removes a tenant by force. C.When a landlord pays tenants to leave the property and cancel their lease, it's called the summary ejectment process. D.It's the process that the state uses to take a property from a landlord who is not meeting their obligations as outlined in the rental agreement.
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What is the most common cause for breaching a lease? A.The rent isn't paid as agreed B.The tenant engaged in criminal activity C.The landlord didn't provide a habitable dwelling D.The property was destroyed by natural forces
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What is the shortest time period for an estate for years? A.There is no minimum time period B.One year C.Two years D.Five years
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What is the term for the tenant in a leasehold estate? A.Lessee B.Lessor C.Life tenant D.Per autre vie tenant
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What is the usual effect of an estate at will tenant committing waste against the property (whether intentional or not)? A.The estate at will is terminated B.Nothing. Because the leasehold estate is at will, there are no consequences. C.The estate at will continues, but the lessor can double the rent. D.The estate at will continues, but the lessee must arrange for and pay for repairs
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What should a landlord include in a lease provision about pets? A.All of the answer choices provided are correct B.What types of animals are allowed C.How many animals are allowed D.An additional security deposit requirement for pet damage
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What type of lease does a tenant have if they pay rent plus property taxes? A.Single net lease B.Percentage lease C.Graduated lease D.Double net lease
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What type of leasehold estate exists when occupation is for an undefined period of time and can be terminated by the landlord or the tenant? A.Estate at will B.Estate for years C.Periodic estate D.Estate at sufferance
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What type of leasehold estate specifies a rental period but no pre-defined end date for the lease? A.Periodic estate B.Estate for years C.Estate at sufferance D.Estate at will
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When a commercial tenant in a strip mall signs a double net lease, how is the amount of property taxes and insurance they pay calculated? A.Prorated based on the size of the space they are renting B.Based on a percentage of their income C.Based on the length of the lease divided by the monthly rent amount D.Expenses are usually shared equally by tenants, regardless of the size of the unit leased
A
When a landlord leases space to a tenant, the landlord is expected to take whatever action is necessary, at the landlord's expense, to provide a habitable dwelling unit. This is also known as? A.The covenant of habitability B.The covenant of quiet enjoyment C.The covenant of constructive eviction D.The covenant of reasonable accommodation
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When a tenant signs over their rights and responsibilities to someone else, effectively terminating their own involvement in the lease, they have? A.Assigned the lease B.Created a sublease C.Both assigned the lease and subleased the property D.Constructively evicted themselves
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When an oil and gas lease is set to expire, but drilling is underway, what usually happens? A.The lease will remain in effect B.The lease immediately terminates and the lessee must halt operations C.The lessee has 30 days to halt operations D.The lessee has 45 days to halt operations
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When someone contracts with a property owner to lease real estate from them, one of the benefits they are getting is the right to possess the unit or parcel being leased. This is known as the right of? A.Possession B.Accommodation C.Quiet enjoyment D.First refusal
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When specific improvement provisions are included in a lease, giving the tenant the right to improve the property, they are sometimes referred to as...? A.Leasehold improvements B.Lessors' improvements C.Habitability improvements D.Quiet enjoyment improvements
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When the lessee (tenant) signs the lease, what contract element is satisfied? A.Acceptance B.Offer C.Consideration D.Legal capacity
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When the original lease between the landlord and tenant remains in effect, but the tenant enters into their own lease agreement with someone else for the same space, the tenant has? A.Created a sublease B.Assigned the lease C.Both assigned the lease and subleased the property D.Constructively evicted themselves
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When the tenant pays rent, maintenance, property taxes and insurance, they have this type of lease? A.Triple net lease B.Graduated lease C.Gross lease D.Double net lease
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Which of the following are exceptions to the landlord's obligation to provide a habitable dwelling unit? A.All of the answer choices provided are correct B.The property was destroyed by a tornado C.The tenant's malicious acts damaged the property D.The tenant's irresponsible acts damaged the property
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Which of the following is not a required component of a lease contract? A.Eviction clause B.Offer C.Acceptance D.Consideration
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Which of the following is not a type of net lease? A.Quadruple net lease B.Single net lease C.Double net lease D.Triple net lease
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Which of the following is not likely to be included in the amount a tenant pays for rent? A.Court costs associated with eviction proceedings B.Assigned parking spot C.Storage space in another part of the building D.Utilities
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Which of the following is not something a lease automatically gives a tenant the right to do? A.Sublease the property B.Occupy the property C.Possess the property D.Use the property
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Which of the following occurs when the landlord hasn't upheld their end of the lease agreement resulting in the tenant not being able to occupy the leased property? A.Constructive eviction B.Actual eviction C.Elective eviction D.Judgment eviction
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Which of the following repairs is the landlord not required to make under the covenant of habitability? A.Repair a tenant's intentional damage to a wall B.Fix wiring to comply with safety codes C.Fix a broken lock on the front door D.Fix or replace a broken water heater
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Which of these is an example of a graduated lease? A.All of the answer choices provided are correct B.Rent is adjusted annually based on CPI C.Rent is adjusted every 5 years based on appraised value D.Rent goes up by scheduled amounts, spelled out in the lease
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Which of these pieces of information would you probably not find in an oil and gas lease? A.How much the lessor will pay the lessee B.Description of the property C.How much the lessee will pay the lessor D.How long the lease will remain in force
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Which of these tenants is least likely to want to enter into a ground lease? A.Independent insurance agent B.Fast-food chain C.Retail Mega-store D.Grocery store chain
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Who can terminate an estate at will? A.Either the landlord or the tenant, or both of them B.The landlord only C.The tenant only D.Judicial action only
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With this type of lease, the landlord negotiates to receive compensation based on a commercial tenant's sales in the leased space? A.Percentage lease B.Gross lease C.Net lease D.Graduated lease
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With this type of lease, the rent payments go up periodically, on a pre-defined basis? A.Graduated lease B.Percentage lease C.Gross lease D.Net lease
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