Real Estate Chapter 16
Quiz
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Other
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University
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Hard
Saniya Moore
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When establishing the length of service terms, she understands that…?
Length of service terms are flexible, and she must consider both her income and the owners' financial goals.
She should establish terms that correspond to semester length, even if renting to non-students.
The local college has the final say about management agreement terms.
Local governing bodies typically set term boundaries.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a legal contract created when a property owner enters into an agreement with a tenant, giving the tenant the right to occupy and use real property, subject to terms and conditions?
Lease
Easement
Encroachment
Life estate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lease contracts are used for…?
Both commercial and residential real estate
Only commercial real estate
Only residential real estate
Only fractional ownership real estate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of a common lease restriction?
Restricted access hours to the leased unit
Occupancy limits
Provision about pets
Restriction on commercial activities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not something a lease automatically gives a tenant the right to do?
Sublease the property
Occupy the property
Possess the property
Use the property
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: If a lease does not specify any restrictions, the tenant can use the leased space for any lawful purpose?
True. If no restrictions are specified, the tenant can use the property for any lawful purpose.
False. Tenants may only possess, use, and occupy leased space.
True. Tenants may also use the space for unlawful activities, if the lease does not specify otherwise.
False. Tenants in a residential lease can never use leased space for commercial purposes.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should a landlord include in a lease provision about pets?
All of the answer choices provided are correct
What types of animals are allowed
How many animals are allowed
An additional security deposit requirement for pet damage
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