Leasing Agent Exam Questions Chapter 3 with Ans✓✓✓
10. A lease is automatically terminated by:
A. the taking of the property under eminent domain for the purpose of
constructing an artificial lake
B. bankruptcy of the lessee
C. foreclosure of a mortgage which was recorded after the lease was made.
D. the voluntary sale of the leased fee estate Ans✓✓✓ A. the taking of the
property under eminent domain for the purpose of constructing an artificial lake
A lease conveys the right of possession and use to the:
A. lessee
B. lessor
C. grantee
D. Grantor Ans✓✓✓ A. lessee
A lease for a six month term would be classified as a:
a. tenancy for years
b. periodic tenancy
c. tenancy at will
d. tenancy at sufferance Ans✓✓✓ a. tenancy for years
A month-to-month tenancy is classified as:
a. an estate for years
b. an estate at will
c. an estate at sufferance
, d. a periodic estate Ans✓✓✓ d. a periodic estate
A rental contract gives the tenant:
A. right of possession
B. temporary ownership
C. a freehold estate
D. right to encumber Ans✓✓✓ A. right of possession
A right possession for a fixed term that allows for automatic renewals for
additional terms is called:
A. an estate for years
B. a tenancy for the entireties
C. An estate at will
D. a periodic tenancy Ans✓✓✓ D. a periodic tenancy
A tenancy for years:
A. continues until notice of termination
B. requires no notice to terminate
C. requires six month's notice to terminate
D. cannot be terminated Ans✓✓✓ B. requires no notice to terminate
A tenant is delinquent on his rent payments for an apartment located in Illinois.
The lessor desires to terminate the lease. The lessor should give the tenant a:
A. 5-day notice
B. 10-day notice
10. A lease is automatically terminated by:
A. the taking of the property under eminent domain for the purpose of
constructing an artificial lake
B. bankruptcy of the lessee
C. foreclosure of a mortgage which was recorded after the lease was made.
D. the voluntary sale of the leased fee estate Ans✓✓✓ A. the taking of the
property under eminent domain for the purpose of constructing an artificial lake
A lease conveys the right of possession and use to the:
A. lessee
B. lessor
C. grantee
D. Grantor Ans✓✓✓ A. lessee
A lease for a six month term would be classified as a:
a. tenancy for years
b. periodic tenancy
c. tenancy at will
d. tenancy at sufferance Ans✓✓✓ a. tenancy for years
A month-to-month tenancy is classified as:
a. an estate for years
b. an estate at will
c. an estate at sufferance
, d. a periodic estate Ans✓✓✓ d. a periodic estate
A rental contract gives the tenant:
A. right of possession
B. temporary ownership
C. a freehold estate
D. right to encumber Ans✓✓✓ A. right of possession
A right possession for a fixed term that allows for automatic renewals for
additional terms is called:
A. an estate for years
B. a tenancy for the entireties
C. An estate at will
D. a periodic tenancy Ans✓✓✓ D. a periodic tenancy
A tenancy for years:
A. continues until notice of termination
B. requires no notice to terminate
C. requires six month's notice to terminate
D. cannot be terminated Ans✓✓✓ B. requires no notice to terminate
A tenant is delinquent on his rent payments for an apartment located in Illinois.
The lessor desires to terminate the lease. The lessor should give the tenant a:
A. 5-day notice
B. 10-day notice
