Chapter 7: Federal and State Laws Flashcards Preview

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Flashcards in Chapter 7: Federal and State Laws Deck (45)
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1

The _____ Act of _____ prohibits discrimination based on race.

Civil Rights Act
1866

2

The _____ Act of _____, also called _____ prohibits discrimination based on race, color, religion, sex, or national origin.

Federal Fair Housing Act
1968
Title VIII

3

Exceptions to the Federal Fair Housing Act of 1968 are:
1. _____
2. _____
3. _____
4. _____

owner does not use a broker
private clubs
owner-occupied 1-4 units
owned by churches or frats

4

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
1988

5

true/false: HUD posters are required in all places of business, including model homes in subdivisions.

true

6

The fact that a property was the site of a homicide or suicide is ______ to be disclosed in a transaction.

not required

7

Penalties for violating the Florida Fair Housing Act can range from _____ to _____ dollars.

$10,000
$50,000

8

A lease conveys _____ interest in real property, but does not convey ownership.

legal interest

9

true/false: A lease can be oral or written.

true

10

true/false: Lien foreclosure terminates a lease

true

11

true/false: Condemnation through eminent domain proceedings will terminate a lease

true

12

true/false: Bankruptcy of a tenant can cause termination of a lease

true

13

_____ and _____ of the lessor and lessee are required on a lease.

names and signatures

14

Statute of Frauds requires a lease for more than 1 year to be _____ and _____ in order to be enforceable in court.

written and signed

15

Real estate licensees can fill in the blanks on a residential lease form for periods covering _____ or less.

1 year

16

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.

true

17

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.

5%
75%

18

If the landlord has no intention of making a claim on the security deposit, they have _____ days to return it.

15

19

If a landlord intends to make a claim on a security deposit, they have _____ days to notify the tenant.

30

20

A tenant has _____ days to object to a landlord's claim on their security deposit.

15

21

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.

30

22

Landlords must give tenants _____ hours notice before entering the premises, and can enter between ______a.m. and _____p.m.

12
7:30 a.m.
8:00 p.m.

23

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.

7

24

If default continues for _____ days after the landlord delivers a written demand for payment of rent, the landlord pay terminate the lease.

3

25

A _____ lease is a fixed-rent lease. Usually residential.

gross

26

A _____ lease is base rent plus all or a portion of the operating costs. Usually commercial or industrial.

net

27

A _____ lease is base rent plus a percentage of gross sales. Usually malls and shopping centers.

percentage

28

An _____ lease ties the rent amount to a nationally published index. Usually office space.

index

29

A _____ is where a property owner sell the property to an investor, and then immediately leases the property back, freeing up capital.

sale-leaseback

30

A(n) _____ is when a lessee transfers all the their leased space for all of the remaining time to someone else.

assignment