1. Which estate is of definite duration?
a. An estate at will
b. An estate for years
c. A freehold interest
d. A periodic tenancy - Correct Answers 1. b
2. A tenancy for years MUST be created by
a. express agreement.
b. adverse possession.
c. written agreement.
d. none of these. - Correct Answers 2. a
3. What is the maximum term for which a home in a rural area may be leased?
a. 51 years
b. 99 years
c. 100 years
d. None of these - Correct Answers 3. b
4. A tenant who remains in possession after giving notice that she would vacate the premises becomes
a. a tenant at will.
b. a tenant at sufferance.
c. an indefeasible tenant.
d. none of these. - Correct Answers 4. b
5. To be enforceable, a written lease must
a. describe the premises.
, b. be signed by the lessor.
c. be both of these.
d. be neither of these. - Correct Answers 5. c
6. For a furnished apartment, the total security deposit may NOT exceed
a. one-half month's rent.
b. one month's rent.
c. two months' rent.
d. three months' rent. - Correct Answers 6. d
7. The landlord must return the security deposit to the residential tenant within what time frame after
regaining possession if there is no damage other than normal wear and tear?
a. 7 days
b. 3 weeks
c. 30 days
d. None of these - Correct Answers 7. b
8. Which statement is TRUE regarding the assignment of a lease?
a. The original lessee is the sole party liable for the payment of rent.
b. It is the same as a sublease.
c. The original lessee would retain a right to use the property for a limited time.
d. The entire leasehold is transferred. - Correct Answers 8. d
9. A tenant on a long-term lease at $500 per month wishes to go out of business. The premises are
currently worth $1,000 per month. You would likely advise the tenant to consider
a. surrendering the premises.
b. subleasing.
c. assigning the lease.
d. doing none of these. - Correct Answers 9. b
a. An estate at will
b. An estate for years
c. A freehold interest
d. A periodic tenancy - Correct Answers 1. b
2. A tenancy for years MUST be created by
a. express agreement.
b. adverse possession.
c. written agreement.
d. none of these. - Correct Answers 2. a
3. What is the maximum term for which a home in a rural area may be leased?
a. 51 years
b. 99 years
c. 100 years
d. None of these - Correct Answers 3. b
4. A tenant who remains in possession after giving notice that she would vacate the premises becomes
a. a tenant at will.
b. a tenant at sufferance.
c. an indefeasible tenant.
d. none of these. - Correct Answers 4. b
5. To be enforceable, a written lease must
a. describe the premises.
, b. be signed by the lessor.
c. be both of these.
d. be neither of these. - Correct Answers 5. c
6. For a furnished apartment, the total security deposit may NOT exceed
a. one-half month's rent.
b. one month's rent.
c. two months' rent.
d. three months' rent. - Correct Answers 6. d
7. The landlord must return the security deposit to the residential tenant within what time frame after
regaining possession if there is no damage other than normal wear and tear?
a. 7 days
b. 3 weeks
c. 30 days
d. None of these - Correct Answers 7. b
8. Which statement is TRUE regarding the assignment of a lease?
a. The original lessee is the sole party liable for the payment of rent.
b. It is the same as a sublease.
c. The original lessee would retain a right to use the property for a limited time.
d. The entire leasehold is transferred. - Correct Answers 8. d
9. A tenant on a long-term lease at $500 per month wishes to go out of business. The premises are
currently worth $1,000 per month. You would likely advise the tenant to consider
a. surrendering the premises.
b. subleasing.
c. assigning the lease.
d. doing none of these. - Correct Answers 9. b
