Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: Terminate is usually required, typically 30 days' notice
Answer:
Periodic Tenancy
Q: a lease that can be terminated by either party at will without notice.
Answer:
Estate at Will
Q: occurs when a lease expires and the tenant refuses to move out. The landlord is
not receiving
Answer:
rent. Tenancy at Sufferance
Q: If the holdover tenant pays rent and the landlord accepts that rent, a
Answer:
_____________ is created Holdover Tenancy
,Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: The landlord pays all the expenses of the property. The tenant pays only rent.
Answer:
Gross Lease
Q: the tenant pays rent plus some of the expenses of the property
Answer:
Net Lease
Q: lease with scheduled rent increases often based on expected business growth.
Answer:
Graduated
Lease
Q: gives a tenant the right to purchase at a future date. The price is set when the
agreement is
Answer:
negotiated. It is advantageous to the tenant-buyer. Lease-purchase agreement -
,Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: the tenant is usually making a long-term commitment, up to 99 years. This lease
is more often
Answer:
for industrial or commercial land use. The tenant will build on the leased property.
Ground
Lease
Q: this lease gives the tenant the right to extract oil and gas from a specific
Answer:
property. Oil and Gas Lease
Q: transfer of all rights and liabilities to a new tenant under an existing lease
Answer:
Assignment
, Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: Eviction
Answer:
Forcible Entry and Detainer
Q: When a lease is terminated by agreement of the parties
Answer:
Mutual rescission
Q: Occurs when a landlord is aware of a property condition and allows deterioration
to the point
Answer:
that the building is uninhabitable and the tenants are forced to leave. (Slum Lords)
Constructive eviction
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: Terminate is usually required, typically 30 days' notice
Answer:
Periodic Tenancy
Q: a lease that can be terminated by either party at will without notice.
Answer:
Estate at Will
Q: occurs when a lease expires and the tenant refuses to move out. The landlord is
not receiving
Answer:
rent. Tenancy at Sufferance
Q: If the holdover tenant pays rent and the landlord accepts that rent, a
Answer:
_____________ is created Holdover Tenancy
,Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: The landlord pays all the expenses of the property. The tenant pays only rent.
Answer:
Gross Lease
Q: the tenant pays rent plus some of the expenses of the property
Answer:
Net Lease
Q: lease with scheduled rent increases often based on expected business growth.
Answer:
Graduated
Lease
Q: gives a tenant the right to purchase at a future date. The price is set when the
agreement is
Answer:
negotiated. It is advantageous to the tenant-buyer. Lease-purchase agreement -
,Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: the tenant is usually making a long-term commitment, up to 99 years. This lease
is more often
Answer:
for industrial or commercial land use. The tenant will build on the leased property.
Ground
Lease
Q: this lease gives the tenant the right to extract oil and gas from a specific
Answer:
property. Oil and Gas Lease
Q: transfer of all rights and liabilities to a new tenant under an existing lease
Answer:
Assignment
, Champions School of Real Estate Exam Prep National Chapter 1 & 2
Questions and Answers with Verified Solutions | Latest 2026 Update
Q: Eviction
Answer:
Forcible Entry and Detainer
Q: When a lease is terminated by agreement of the parties
Answer:
Mutual rescission
Q: Occurs when a landlord is aware of a property condition and allows deterioration
to the point
Answer:
that the building is uninhabitable and the tenants are forced to leave. (Slum Lords)
Constructive eviction
