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20 Cards in this Set
- Front
- Back
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A TENANT AND LANDLORD AGREE ON AN ORAL LEASE FOR THREE YEARS. THIS LEASE IS PROBABLY A) TYPICAL OF LEASES B) ILLEGAL C) UNENFORCEABLE D) RENEWABLE IF IN WRITING |
C) UNENFORCEABLE
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THE CENTRAL HEATING UNIT IN AN APARTMENT BUILDING IS DEFECTIVE AND CANNOT PROVIDE HEAT TO A TENANT'S APARTMENT. IN THE MIDDLE OF WINTER, THE TENANT DECIDES TO VACATE THE APARTMENT AND STOP PAYING RENT. THIS SITUATION COULD BE BEST DESCRIBED AS A) ACTUAL EVICTION B) ABANDONMENT C) CONSTRUCTIVE EVICTION D) SPECIFIC EVICTION |
C) CONSTRUCTIVE EVICTION
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SALLY'S APARTMENT LEASE HAS EXPIRED BUT THE BUILDING OWNER AGREES TO LET HER STAY IN THE APARTMENT UNTIL THE OWNER'S PARENTS, WHO ARE IN THE PROCESS OF SELLING THEIR HOUSE, ARE READY TO MOVE IN. THE TENANCY HELD BY SALLY IS A(N) A) ESTATE AT SUFFERANCE B) PERIODIC ESTATE C) ESTATE AT WILL D) FEE SIMPLE |
C) ESTATE AT WILL
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WHICH OF THE FOLLOWING SITUATION WOULD MOST LIKELY TERMINATE AN APARTMENT LEASE? A) EXPIRATION OF THE TERM B) DEATH OF THE TENANT C) SALE OF THE BUILDING D) ABANDONMENT OF THE APARTMENT BY THE TENANT |
D) ABANDONMENT OF THE APARTMENT BY THE TENANT
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THE TYPE OF LEASE AGREEMENT WHERE TENANT PAYS A FIXED AMOUNT OF RENT AND THE LANDLORD PAYS ALL OF THE BUILDING'S EXPENSES IS CALLED A A) GROSS LEASE B) NET LEASE C) PERCENTAGE LEASE D) GROUND LEASE |
A) GROSS LEASE
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WHICH OF THE FOLLOWING LEASE AGREEMENTS WOULD A LANDLORD BE LEAST LIKELY TO USE WITH A RETAIL TENANT IN A SHOPPING CENTER? A) GROSS LEASE B) NET LEASE C) PERCENTAGE LEASE D) NET NET LEASE |
A) GROSS LEASE
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A PROPERLY DRAWN PROPERTY MANAGEMENT CONTRACT SHOULD CONTAIN ALL OF THE FOLLOWING EXCEPT A) LEGAL DESCRIPTION OF THE PROPERTY B) TERMS & CONDITIONS OF EMPLOYMENT C) OUTLINE OF EXPECTED DUTIES D) SCOPE OF AUTHORITY |
A) LEGAL DESCRIPTION OF THE PROPERTY
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A LANDLORD MUST HOLD ONTO ABANDONED PROPERTY OF A TENANT FOR A) 10 DAYS B) 14 DAYS C) 21 DAYS D) 30 DAYS |
C) 21 DAYS
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A PROPERTY MANAGER WORKS IN THE BEST INTEREST OF THE A) BANK HOLDING THE MORTGAGE ON THE PROPERTY B) THE PROPERTY'S TENANTS C) THE LOCAL GOVERNMENT D) THE PROPERTY'S OWNER |
D) THE PROPERTY'S OWNER
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WHICH WOULD BE THE MOST DESIRABLE LEASE FOR A NEW BUSINESS? A) GRADUATED LEASE B) NET LEASE C) RETAIL LEASE D) GROSS LEASE |
A) GRADUATED LEASE
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A LANDLORD IS KEEPING A PORTION OF THE SECURITY DEPOSIT TO COVER DAMAGES. WHAT IS THE TIME FRAME FOR SENDING AN ITEMIZED STATEMENT TO THE TENANT? A) 7 BUSINESS DAYS B) 10 BUSINESS DAYS C) 14 BUSINESS DAYS D) 21 BUSINESS DAYS |
C) 14 BUSINESS DAYS
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WHAT IS THE MAXIMUM AMOUNT A TENANT CAN COLLECT IF THEY SUE THE LANDLORD FOR THEIR SECURITY DEPOSIT? A) DOUBLE DEPOSIT AMOUNT B) EQUAL TO DEPOSIT AMOUNT C) DEPOSIT PLUS DOUBLE DAMAGES D) UNLIMITED DAMAGES |
C) DEPOSIT PLUS DOUBLE DAMAGES
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WHICH OF THE FOLLOWING LEASEHOLD ESTATES AUTOMATICALLY RENEWS ITSELF A) ESTATE FOR YEARS B) PERIODIC ESTATE C) ESTATE AT SUFFERANCE D) ESTATE AT WILL |
B) PERIODIC ESTATE
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A LANDLORD CURRENTLY HAS A MONTH TO MONTH PERIODIC ESTATE ON A RENTAL PROPERTY WITH THE MONTH TO MONTH CURRENT TENANT, BUT WANTS TO CHANGE TO A ONE YEAR LEASE. HOW MANY DAYS NOTIFICATION IS REQUIRED? A) 10 DAYS B) 14 DAYS C) 30 DAYS D) 90 DAYS |
C) 30 DAYS
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A TENANT RENTING AN APARTMENT IN PHOENIX HAS PAID A $400 SECURITY DEPOSIT. UPON INSPECTING THE APARTMENT THAT THE TENANT IS VACATING, THE LANDLORD FINDS THE TENANT HAS CAUSED $1000 IN DAMAGES. HE NOTICES THAT THE TENANT HAS A TV WORTH $600. WHAT CAN THE LANDLORD LEGALLY DO TO RECOVER THE COST OF THE FULL AMOUNT OF THE DAMAGES? A) KEEP THE TV B) KEEP BOTH THE TV AND THE SECURITY DEPOSIT C) KEEP THE SECURITY DEPOSIT AND INVOICE THE TENANT FOR THE BALANCE D) APPLY THE SECURITY DEPOSIT TOWARD THE DAMAGES |
C) KEEP THE SECURITY DEPOSIT AND INVOICE THE TENANT FOR THE BALANCE
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A HOMEOWNER IS TRYING TO RENT THEIR HOME. WHAT IS THE MAXIMUM SECURITY DEPOSIT ALLOWED IN ARIZONA? A) ONE AND ONE HALF MONTH'S RENT B) FIRST AND LAST MONTH'S RENT C) FIRST AND LAST MONTH'S RENT PLUS ONE HALF MONTH'S RENT D) THERE IS NO MAXIMUM |
A) ONE AND ONE HALF MONTH'S RENT
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WHEN DOES THE LESSEE RECEIVE PROPERTY RULES? A) BEFORE SIGNING A LEASE B) BEFORE MOVING IN C) WITHIN ONE WEEK OF MOVING IN D) WITHIN 30 DAYS OF MOVING IN |
A) BEFORE SIGNING A LEASE
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THE ARIZONA LANDLORD TENANT ACT ADDRESSES ALL OF THE FOLLOWING EXCEPT: A) NON-REFUNDABLE SECURITY DEPOSITS B) EVICTION NOTICES C) MAXIMUM SECURITY DEPOSITS D) PROPERTY MANAGEMENT CONTRACTS |
D) PROPERTY MANAGEMENT CONTRACTS
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THE DISCLOSURE OF BED BUGS IS REQUIRED IN WHAT TYPE OF DWELLING? A) SINGLE FAMILY DWELLING B) TWO STORY HOMES C) ALL RESIDENTIAL PROPERTIES D) MULTI-FAMILY DWELLINGS |
D) MULTI-FAMILY DWELLINGS
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WHICH OF THE FOLLOWING IS TRUE ABOUT A HOLDOVER TENANT? A) THE LANDLORD MUST ACCEPT ADDITIONAL RENT IF THE TENANT REMAINS ON THE PREMISES B) THE TENANT MUST GIVE THE LANDLORD A 30-DAY NOTICE TO VACATE C) THE TENANT MAY CONTINUE TO OCCUPY THE PREMISES WITHOUT THE PERMISSION OF THE LANDLORD D) THE LANDLORD MAY EVICT THE TENANT |
D) THE LANDLORD MAY EVICT THE TENANT
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