Unit 17

Question 1

A lease is a contract between

Answer 1

lessor and lessee.

Question 2

Two common forms of eviction are

Answer 2

constructive and actual.

Question 3

A lease agreement that specifies an end date for tenancy and does not require advanced notice to terminate is

Answer 3

an estate for years.

Question 4

At the termination of a rental agreement,

Answer 4

the lease is discharged.

Question 5

When a tenant holds possession of a landlord’s property without a current lease agreement and without the landlord’s approval,

Answer 5

the landlord can file suit for possession.

Question 6

To be valid, a lease must meet the same essential elements as any other contract, which are

Answer 6

capacity to contract, legal objective, offer and acceptance, and consideration.

Question 7

A lessee who pays some or all of the property expenses, such as hazard insurance and property tax, has

Answer 7

a net lease

Question 8

A lease in which a commercial tenant’s rent amount stays the same for the term of the lease, and the tenant pays only rent to the landlord is what type of lease?

Answer 8

Gross

Question 9

A contract that conveys the right to use and possess the property for a period of time without transferring ownership is

Answer 9

a lease.

Question 10

Which of the following describes a net lease?

Answer 10

A lease in which the tenant pays rent, plus some—or most—of the operating expenses related to the property

Question 11

When a tenant breaches a lease or improperly retains possession of the premises, the landlord may regain possession through the legal process called

Answer 11

actual eviction.

Question 12

Which type of leasehold estate lasts for a definite period of time and then ends?

Answer 12

Estate for years

Question 13

If leased premises become unusable for the purpose stated in the lease, the tenant may have the right to abandon the property and sue and recover damages against the landlord in a legal action called

Answer 13

constructive eviction.

Question 14

A tenant’s right to possess real estate for a definite period with a specific starting and ending date is

Answer 14

an estate for years.

Question 15

Which of the following would automatically terminate a residential lease?

Answer 15

Destruction of the property

Question 16

Leases that run for 100 years or more

Answer 16

are prohibited in some states.

Question 17

If a tenant moved out of a rented store building because access to the building was blocked as a result of the landlord’s negligence,

Answer 17

the tenant may be entitled to recover damages from the landlord.

Question 18

A tenant rents an apartment under a two-year written lease. Three months after signing the lease, the tenant is transferred to another country for a year. During this period, the tenant leases the apartment to a friend. The friend mails monthly rent checks to the tenant, who continues to make monthly rental payments to the landlord. In this situation, the tenant’s friend has

Answer 18

a sublease.

Question 19

If the lease covers land, such as a ground lease,

Answer 19

a legal description should be used.