Leasing Agent Exam Questions
Chapter 3
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 - -a. tenancy for years
- The tenant leases a property from the landlord for a one-year term from
January through December. The The tenant transfers his interest to a friend
for the month of June while he will traveling for business reasons. The tenant:
a. has assigned his lease
b. has sublet the property
c. has no liability
d. cannot make a partial transfer of his interests in the property - -b. has
sublet the property
- A tenant signs one-year lease for an apartment unit. After three months,
the tenant is transferred to a different city by his company and asks to be
released from the lease. The landlord agrees. This is called:
a. tenancy at will
b. a surrender and acceptance
c. a tenancy at sufferance
d. an abandonment - -b. surrender and acceptance
- The term "lessor" is used to describe:
a. any party to the lease
b. a holder of less-than-freehold estate
c. a person who manages rentals
d. a landlord - -d. the landlord
- 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 - -d. a periodic estate
- An owner sells his property. There is no clause in the lease that covers the
situation. What happens to the existing lease?
A. the lease is terminated by the sale
B. the lease remains in effect, and the sale of the property is prohibited.
C. The lease must be honored by the new owner
Chapter 3
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 - -a. tenancy for years
- The tenant leases a property from the landlord for a one-year term from
January through December. The The tenant transfers his interest to a friend
for the month of June while he will traveling for business reasons. The tenant:
a. has assigned his lease
b. has sublet the property
c. has no liability
d. cannot make a partial transfer of his interests in the property - -b. has
sublet the property
- A tenant signs one-year lease for an apartment unit. After three months,
the tenant is transferred to a different city by his company and asks to be
released from the lease. The landlord agrees. This is called:
a. tenancy at will
b. a surrender and acceptance
c. a tenancy at sufferance
d. an abandonment - -b. surrender and acceptance
- The term "lessor" is used to describe:
a. any party to the lease
b. a holder of less-than-freehold estate
c. a person who manages rentals
d. a landlord - -d. the landlord
- 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 - -d. a periodic estate
- An owner sells his property. There is no clause in the lease that covers the
situation. What happens to the existing lease?
A. the lease is terminated by the sale
B. the lease remains in effect, and the sale of the property is prohibited.
C. The lease must be honored by the new owner
