ILLINOIS LICENSING PRACTICE
QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS 100%
CORRECT!!!
A ground lease is usually:
✔✔ Answer: Long term
A tenant enters into a commercial lease requiring a base rent plus additional rent
based on gross receipts over $5,000. This type of lease is called:
✔✔ Answer: Percentage lease
If a tenant moves out of a rented store because access is blocked due to the
landlord’s negligence, the:
✔✔ Answer: Tenant would be entitled to recover damages from the landlord
A tenant signs a lease that includes a schedule of rent increases on specific dates
over the course of the term. What type of lease has the tenant signed? -ANSWER
✔✔graduated
A tenant still has five months remaining on a one-year apartment lease. When the
tenant moves to another city, she transfers possession of the apartment to a friend
for the entire remaining term of the lease. The friend pays rent directly to the
tenant. In this situation, the tenant has become -ANSWER ✔✔a sublessor
A tenant's lease has expired. The tenant has neither vacated the premise nor
negotiated a renewal lease, and the landlord has declared that she does not want the
tenant to remain in the building. This form of possession is called -ANSWER
✔✔an estate at sufferance
QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS 100%
CORRECT!!!
A ground lease is usually:
✔✔ Answer: Long term
A tenant enters into a commercial lease requiring a base rent plus additional rent
based on gross receipts over $5,000. This type of lease is called:
✔✔ Answer: Percentage lease
If a tenant moves out of a rented store because access is blocked due to the
landlord’s negligence, the:
✔✔ Answer: Tenant would be entitled to recover damages from the landlord
A tenant signs a lease that includes a schedule of rent increases on specific dates
over the course of the term. What type of lease has the tenant signed? -ANSWER
✔✔graduated
A tenant still has five months remaining on a one-year apartment lease. When the
tenant moves to another city, she transfers possession of the apartment to a friend
for the entire remaining term of the lease. The friend pays rent directly to the
tenant. In this situation, the tenant has become -ANSWER ✔✔a sublessor
A tenant's lease has expired. The tenant has neither vacated the premise nor
negotiated a renewal lease, and the landlord has declared that she does not want the
tenant to remain in the building. This form of possession is called -ANSWER
✔✔an estate at sufferance
