Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
1. Tenant negotiations that can be performed by unlicensed agents who have been retained to manage an apartment building include: pg 481 a. rental or lease negotiations. b. landlord-related solicitations. c.accepting rents and security deposits. d. entering into property management agreements with the landlord. |
c. accepting rents and security deposits. |
|
|
2. Apartment complexes with _________ need to have a resident manager. pg 481 a. 12 or less units b. a community pool c. 16 or more units d. an on-site fitness facility |
c. 16 or more units |
|
|
3. The intangible image or opinion held about a property which affects its earning power is known as: pg 489 a. goodwill. b. business operations. c. opportunity costs. d. conflicts of interest. |
a. goodwill. |
|
|
4. A(n) __________ runs for an indefinite period of time since it automatically renews monthly, and on the same terms, until modified or terminated by notice. pg 493 a. fixed-term lease b. month-to-month rental agreement c. tenancy-at-sufferance d. triple net lease |
b. month-to-month rental agreement |
|
|
5. To avoid disputes over who is responsible for any damage to the premises, the residential landlord and tenant complete and sign a(n) __________ before the tenant is given possession. pg 496 a. Notice of Nonresponsibility b. open listing c. right of first refusal d. condition of premises addendum |
d. condition of premises addendum |
|
|
6. A lease agreement conveying a term of occupancy exceeding __________ needs to be written to be enforceable, a requirement of the statute of frauds. pg 502 a. 90 days b. 120 days c. six months d. one year |
d. one year |
|
|
7. A(n) _________ provision in a lease assures application of California law when a dispute arises between a tenant and landlord. pg 508 a. choice-of-law b. hold harmless c. subtenancy d. attorney fee provision |
a. choice-of-law |
|
|
8. A landlord under a month-to-month rental agreement can increase the rent or shift repair and maintenance obligations to the tenant by serving a(n): pg 511 a. unlawful detainer (UD) action. b. 60-Day Notice to Pay Rent or Quit. c. 30-Day Notice of Change in Rental Terms. d. 30-Day Notice to Vacate. |
c. 30-Day Notice of Change in Rental Terms. |
|
|
9. A ________ provides a source of recovery for money losses incurred by the landlord due to a tenant default on monetary obligations agreed to in the rental or lease agreement. 515 a. tenant screening fee b. security deposit c. Real Estate Recovery Fund d. savings account |
b. security deposit |
|
|
10. If no repairs are made to a rented unit, the residential landlord needs to refund the security deposit, less reasonable deductions, within _____ days after a tenant vacates. pg 519 a. 7 b. 10 c. 21 d. 30 |
c. 21 |
