Question 1

Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it should include​

Accepted Answer

A)   ​a provision for the landlord's future interest.
B)   ​a due date for the payment of the property taxes.
C)   ​a requirement that Dora perform structural repairs to the house.
D)   ​a requirement that Evan carry liability insurance.E) B) and C)
F) B) and D)

Question 2

To be valid, a deed must contain a legally sufficient description of the land.

Accepted Answer

A) True 
 B)False

Question 3

A fixed-term tenancy is created when property is leased for a specified period of time.

Accepted Answer

A) True 
 B)False

Question 4

An assignment of a lease releases the original tenant from the obligation to pay rent should the assignee default.

Accepted Answer

A) True 
 B)False

Question 5

Bob owns a beach house in California. His ownership is considered fee simple absolute. Bob's interest​

Accepted Answer

A)   ​is potentially infinite in duration.
B)   ​will end with his death.
C)   ​will last for fifty years.
D)   ​will last for seventy-five years.E) None of the above
F) All of the above

Question 6

Alexis sells half of her Triple A Ranch land to the Bar B Ranch. On the land is a reservoir. In the deed, Alexis retains the right to remove a limited amount of water per day from the reservoir. This right is

Accepted Answer

A)   ​a fee simple absolute.
B)   ​a license.
C)   an easement.
D)   ​a profit.E) A) and C)
F) All of the above

Question 7

Nell wants to lease a condo for two years from Oak Street Condos Inc. In most states, the lease agreement must be​

Accepted Answer

A)   ​in writing.
B)   ​none of the choices.
C)   ​witnessed.
D)   ​notarized.E) B) and D)
F) C) and D)

Question 8

Larissa leases to Metal Fabrication Corporation a 10,000 square-foot building under a written lease with a twenty-year term, rent payable annually. The lease includes a clause stating that Metal Fabrication is responsible for making all necessary repairs, including rebuilding the structure after its destruction by any cause beyond Larissa's control. The lease does not include a clause concerning its assignment. One day after the tenth rental payment, Metal Fabrication, without Larissa's knowledge or consent, assigns its interest in the lease to National Steel, Inc. Meanwhile, Larissa dies and Olina inherits her interest in the building. Without the knowledge or consent of either Metal Fabrication or National Steel, Olina sells the building to Prime Properties, Inc. The next month, the building is destroyed in a devastating storm. Metal Fabrication rebuilds it and files a suit against Prime Properties for the expense. The defendant responds that the lease has terminated. Is Prime Properties correct? If so, when did the lease terminate? If not, is Prime Properties liable for the cost of rebuilding the structure? Why or why not?

Accepted Answer

Prime Properties is not correct. The lea...

Question 9

If property is owned as community property, each spouse owns an undivided one-half interest in it.

Accepted Answer

A) True 
 B)False

Question 10

A life tenant can exploit the land by drilling new wells or excavating mines.

Accepted Answer

A) True 
 B)False

Question 11

Mia has a periodic tenancy that requires her to pay rent weekly. Mia wishes to terminate her tenancy. Under the common law, she must give her landlord notice of at least

Accepted Answer

A)   ​one week.
B)   ​two weeks.
C)   ​thirty days.
D)   ​no certain period.E) All of the above
F) C) and D)

Question 12

The tenant's transfer of leased premises for a period shorter than a lease term is an assignment.

Accepted Answer

A) True 
 B)False

Exam 35: Real Property and Landlord-Tenant Law

An assignment of a lease releases the original tenant from the obligation to pay rent should the assignee default.

Correct Answer
verified

Correct Answer
verified
Prime Properties is not correct. The lea...
View Answer

To be valid, a deed must contain a legally sufficient description of the land.

Correct Answer
verified

Nell wants to lease a condo for two years from Oak Street Condos Inc. In most states, the lease agreement must be

Correct Answer
verified

Mia has a periodic tenancy that requires her to pay rent weekly. Mia wishes to terminate her tenancy. Under the common law, she must give her landlord notice of at least

Correct Answer
verified

A life tenant can exploit the land by drilling new wells or excavating mines.

Correct Answer
verified

The tenant's transfer of leased premises for a period shorter than a lease term is an assignment.

Correct Answer
verified

Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it should include

Correct Answer
verified

Alexis sells half of her Triple A Ranch land to the Bar B Ranch. On the land is a reservoir. In the deed, Alexis retains the right to remove a limited amount of water per day from the reservoir. This right is

Correct Answer
verified

Bob owns a beach house in California. His ownership is considered fee simple absolute. Bob's interest

Correct Answer
verified

If property is owned as community property, each spouse owns an undivided one-half interest in it.

Correct Answer
verified

A fixed-term tenancy is created when property is leased for a specified period of time.

Correct Answer
verified

Exam 35: Real Property and Landlord-Tenant Law

An assignment of a lease releases the original tenant from the obligation to pay rent should the assignee default.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedPrime Properties is not correct. The lea...View AnswerShow Answer

To be valid, a deed must contain a legally sufficient description of the land.

Correct AnswerverifiedShow Answer

Nell wants to lease a condo for two years from Oak Street Condos Inc. In most states, the lease agreement must be​

Correct AnswerverifiedShow Answer

Mia has a periodic tenancy that requires her to pay rent weekly. Mia wishes to terminate her tenancy. Under the common law, she must give her landlord notice of at least

Correct AnswerverifiedShow Answer

A life tenant can exploit the land by drilling new wells or excavating mines.

Correct AnswerverifiedShow Answer

The tenant's transfer of leased premises for a period shorter than a lease term is an assignment.

Correct AnswerverifiedShow Answer

Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it should include​

Correct AnswerverifiedShow Answer

Alexis sells half of her Triple A Ranch land to the Bar B Ranch. On the land is a reservoir. In the deed, Alexis retains the right to remove a limited amount of water per day from the reservoir. This right is

Correct AnswerverifiedShow Answer

Bob owns a beach house in California. His ownership is considered fee simple absolute. Bob's interest​

Correct AnswerverifiedShow Answer

If property is owned as community property, each spouse owns an undivided one-half interest in it.

Correct AnswerverifiedShow Answer

A fixed-term tenancy is created when property is leased for a specified period of time.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Prime Properties is not correct. The lea...
View Answer

Correct Answer
verified

Nell wants to lease a condo for two years from Oak Street Condos Inc. In most states, the lease agreement must be

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it should include

Correct Answer
verified

Correct Answer
verified

Bob owns a beach house in California. His ownership is considered fee simple absolute. Bob's interest

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified