DC Real Estate Exam- Statutory Requirements Governing the Activities of Licensees PART 2 Questions and Correct Answers

DC Real Estate Exam- Statutory Requirements Governing the Activities of Licensees PART 2 Questions and Correct Answers Landlords in Washington D.C. must obtain a --- to rent out their residential property. - Correct Answer housing business license Landlords must obtain a certificate of occupancy and register with the --- - Correct Answer Rental Accommodation Division (RAD). Security deposits cannot exceed the cost of ---. Landlords may only charge the tenant once for the security deposit. Landlords must provide the tenant with a receipt of their security deposit. Landlords cannot commingle security deposits with other funds. Security deposits must be deposited in an interest-bearing account in Washington D.C. Landlords are required to pay tenants interest on security deposits held for more than 1 year. The tenant must receive their security deposit --- - Correct Answer one month's rent. within 45 days after moving out. Residential leases in DC don't --- An estate for years becomes an estate from month to month. Tenants may give landlords notice and terminate. Landlords may NOT give notice and terminate tenants' occupancy unless the tenant fails to pay rent and the landlord moves back in. - Correct Answer automatically terminate. Rental agreements don't have to be in writing, although it is a good policy to have a written agreement. If it is written, the landlord must provide the tenant with --- - Correct Answer a copy of lease within seven days of signing the lease. The landlord must provide the tenant with a receipt for --- - Correct Answer the payment of rent. Late fees of --- may be charged within a --- after