Flashcards in Chapter 7: Federal and State Laws Deck (45)
The _____ Act of _____ prohibits discrimination based on race.
Civil Rights Act
The _____ Act of _____, also called _____ prohibits discrimination based on race, color, religion, sex, or national origin.
Federal Fair Housing Act
Exceptions to the Federal Fair Housing Act of 1968 are:
owner does not use a broker
owner-occupied 1-4 units
owned by churches or frats
The _____ of ______ expanded the Civil Rights Act to include: persons with limiting physical or mental impairments, drug addicts, persons with HIV/AIDS and recovering alcoholics, and women who are pregnant and people with children under 18.
Fair Housing Amendment
true/false: HUD posters are required in all places of business, including model homes in subdivisions.
The fact that a property was the site of a homicide or suicide is ______ to be disclosed in a transaction.
Penalties for violating the Florida Fair Housing Act can range from _____ to _____ dollars.
A lease conveys _____ interest in real property, but does not convey ownership.
true/false: A lease can be oral or written.
true/false: Lien foreclosure terminates a lease
true/false: Condemnation through eminent domain proceedings will terminate a lease
true/false: Bankruptcy of a tenant can cause termination of a lease
_____ and _____ of the lessor and lessee are required on a lease.
names and signatures
Statute of Frauds requires a lease for more than 1 year to be _____ and _____ in order to be enforceable in court.
written and signed
Real estate licensees can fill in the blanks on a residential lease form for periods covering _____ or less.
true/false: Landlords can commingle funds from their personal accounts if they post a surety bond with the clerk of the circuit court in the amount of total holdings, or $50,000, whichever is less and pay the tenant 5% simple interest.
Landlords can place deposits in interest-bearing accounts and give the tennant ____% simple interest or ____% of the interest earned, at the discretion of the landlord.
If the landlord has no intention of making a claim on the security deposit, they have _____ days to return it.
If a landlord intends to make a claim on a security deposit, they have _____ days to notify the tenant.
A tenant has _____ days to object to a landlord's claim on their security deposit.
If a tenant does not object to a claim on their security deposit, the landlord has _____ days after the notice to impose the claim to return the remaining balance.
Landlords must give tenants _____ hours notice before entering the premises, and can enter between ______a.m. and _____p.m.
If a landlord does not make repairs to a unit within _____ days after receiving written notice, a tenant can terminate the lease or seek a temporary rate reduction.
If default continues for _____ days after the landlord delivers a written demand for payment of rent, the landlord pay terminate the lease.
A _____ lease is a fixed-rent lease. Usually residential.
A _____ lease is base rent plus all or a portion of the operating costs. Usually commercial or industrial.
A _____ lease is base rent plus a percentage of gross sales. Usually malls and shopping centers.
An _____ lease ties the rent amount to a nationally published index. Usually office space.
A _____ is where a property owner sell the property to an investor, and then immediately leases the property back, freeing up capital.