Unit 11 Quiz with Accurate
Answers
A ground lease is usually
A short term.
B. for 5 to 10 years
C. for 99 years
D. automatically renewable correct answer C. for 99 years
A landlord has sold his building to the state so that a freeway can be built. The
tenant's lease has expired, but the landlord is letting him remain until the time
the building will be torn down. The tenant is part of a
A holdover tenancy.
B. first right of refusal
C.tenancy at sufferance
D tenancy at will correct answer D tenancy at will
A landlord may enter leased premises to make repairs if the landlord
A. knocks first to give notice of intent to enter
B. is given this right in the lease
C. gives 48 hour notice of intent to enter
D. gives written notice of intent to enter 24 hours in advance correct answer B. is
given this right in the lease
, A lease call for a base rent of $1,200 per month plus 4% of the annual gross
business exceeding $150,000. This is what type of lease?
A. Gross
B. Graduated
C. Percentage
D. Net correct answer C. Percentage
A percentage lease provides for a
A. long-term rental of a certain percentage of the space in a building
B. definite monthly rent not to exceed a stated percentage of the building's value
C. definite monthly rent plus a percentage of the tenants gross receipts in excess
of a certain amount
D. monthly graduated rent amount not to exceed a stated percentage of the
original rent correct answer C. definite monthly rent plus a percentage of the
tenants gross receipts in excess of a certain amount
A property owner sells his north carolina mountain chalet that he has been
renting to vacationing ski fanatics for years. At the time of the sale, there are
already 20 different week-long reservations in place for the upcoming ski season
that starts in a couple of months. The purchaser of the chalet
A. must honor any of the reservations that occur within the next six months
B. does not have to honor any of the reservations since they are with the old
owner
Answers
A ground lease is usually
A short term.
B. for 5 to 10 years
C. for 99 years
D. automatically renewable correct answer C. for 99 years
A landlord has sold his building to the state so that a freeway can be built. The
tenant's lease has expired, but the landlord is letting him remain until the time
the building will be torn down. The tenant is part of a
A holdover tenancy.
B. first right of refusal
C.tenancy at sufferance
D tenancy at will correct answer D tenancy at will
A landlord may enter leased premises to make repairs if the landlord
A. knocks first to give notice of intent to enter
B. is given this right in the lease
C. gives 48 hour notice of intent to enter
D. gives written notice of intent to enter 24 hours in advance correct answer B. is
given this right in the lease
, A lease call for a base rent of $1,200 per month plus 4% of the annual gross
business exceeding $150,000. This is what type of lease?
A. Gross
B. Graduated
C. Percentage
D. Net correct answer C. Percentage
A percentage lease provides for a
A. long-term rental of a certain percentage of the space in a building
B. definite monthly rent not to exceed a stated percentage of the building's value
C. definite monthly rent plus a percentage of the tenants gross receipts in excess
of a certain amount
D. monthly graduated rent amount not to exceed a stated percentage of the
original rent correct answer C. definite monthly rent plus a percentage of the
tenants gross receipts in excess of a certain amount
A property owner sells his north carolina mountain chalet that he has been
renting to vacationing ski fanatics for years. At the time of the sale, there are
already 20 different week-long reservations in place for the upcoming ski season
that starts in a couple of months. The purchaser of the chalet
A. must honor any of the reservations that occur within the next six months
B. does not have to honor any of the reservations since they are with the old
owner
