NV REAL ESTATE PRE-LICENSE EXAM QUESTIONS AND ANSWERS 100% CORRECT

NV REAL ESTATE PRE-LICENSE EXAM QUESTIONS AND ANSWERS 100% CORRECT NV REAL ESTATE PRE-LICENSE EXAM QUESTIONS AND ANSWERS 100% CORRECT NV REAL ESTATE PRE-LICENSE EXAM QUESTIONS AND ANSWERS 100% CORRECT The Nevada legislation which sets forth the rights, obligations, and duties of the parties under most residential lease transactions is known as: - ANSWER-The Residential Landlord and Tenant Act. Which of the following lease types is the most common lease used in residential apartments or homes? - ANSWER-Gross lease A two-day stay in a hotel room can be considered: - ANSWER-An estate for years. A situation in which someone is both the tenant and the landlord to the same property occurs under which of the following? - ANSWER-A sandwich lease. Under Nevada law, the landlord who wishes to terminate a tenancy at will must give at least how many days' notice? - ANSWER-Five. Under Nevada's statute of frauds, in which of the following cases must a lease be in writing? - ANSWER-If the lease is for a term of more than one year. The type of lease that is used most commonly in the lease of retail business locations is: - ANSWER-A percentage lease A lease in which the tenant has agreed to pay ownership expenses, usually utilities, property taxes, and special assessments, along with the insurance on the property, is known as: - ANSWER-A net-net lease (or "double-net") lease. A lease must include what rights of the owner? - ANSWER-Reversionary right.