PRII Ch 25

PRII Ch 25

9th - 12th Grade

16 Qs

quiz-placeholder

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PRII Ch 25

PRII Ch 25

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Stephanie Dangelo

Used 11+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lease contract is best described as _________(25)

temporary transfer of legal title.

an instrument of conveyance of limited title.

a conveyance of a possessory interest.

a title conveyance in exchange for rent.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a tenant acquires a leasehold estate through a lease, what does the property owner acquire?
A freehold estate
A reduced leasehold estate
A leasehold estate
A leased fee estate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an owner leases her property, she temporarily relinquishes the right to
transfer the property.
encumber the property.
occupy the property.
maintain the property.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following happens when a leased property is sold?
The buyer acquires title subject to the lease.
The lease is cancelled.
The lease expires within thirty days unless renewed.
A new lease is automatically executed.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A landlord and tenant complete a one-year lease.  The following week, the landlord dies.  Which of the following is true?
The lease is cancelled and must be re-written.
The tenant must continue to abide by all lease terms.
The tenant may annul the lease at his or her option.
The landlord's heirs may cancel the lease at their option.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a lease does not state a specific ending date, when does it terminate?
Immediately, since it is an invalid lease
After one year
When either party gives proper notice
Whenever the property is sold

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In accordance with the Statute of Frauds,
leases in excess of one year must be recorded to be enforceable.
oral leases are not enforceable.
a five-year lease must be in writing to be enforceable.
an unwritten lease is fraudulent.

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