Legal Aspects of Real Estate Chapter 14
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What lease clause talks about the landlord leasing the property and the tenant taking possession
of the property?
Capacity to contract
Rent
Demising clause
Description - CORRECT ANSWER - Demising clause
What type of lease conveys a leasehold interest to an owner of a cooperative?
A land lease
A percentage lease
An index lease
A proprietary lease - CORRECT ANSWER - A proprietary lease
What is a lease provision that gives the tenant the right to extend the lease for an additional
period of time and sets forth the terms for the renewed lease?
An extension
An option to renew
A recommence clause
A time revision - CORRECT ANSWER - An option to renew
In what type of lease does the landlord pay the property's operating expenses, including utilities,
repairs, and maintenance?
A graduated lease
A gross lease
A net lease
, An index lease - CORRECT ANSWER - A gross lease
What describes money that a tenant deposits with the owner, in advance of possession, for the
repair of any damages for which the tenant is responsible?
A lease deposit
A partial payment
A security deposit
An escrow deposit - CORRECT ANSWER - A security deposit
What is an oral or written agreement that creates and governs, by express or implied terms, a
landlord-tenant relationship?
An agency
A sales contract
A listing
A lease - CORRECT ANSWER - A lease
Who is responsible for maintaining a residential property in a condition fit for human
occupancy?
The city
The tenant
The lessee
The landlord - CORRECT ANSWER - The landlord
What Act is a model law enacted as a blueprint for state laws to regulate leasing and
management practices of landlords with residential properties?
The Residential Community Act
The Property Accommodations Act
The Uniform Residential Landlord and Tenant Act
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What lease clause talks about the landlord leasing the property and the tenant taking possession
of the property?
Capacity to contract
Rent
Demising clause
Description - CORRECT ANSWER - Demising clause
What type of lease conveys a leasehold interest to an owner of a cooperative?
A land lease
A percentage lease
An index lease
A proprietary lease - CORRECT ANSWER - A proprietary lease
What is a lease provision that gives the tenant the right to extend the lease for an additional
period of time and sets forth the terms for the renewed lease?
An extension
An option to renew
A recommence clause
A time revision - CORRECT ANSWER - An option to renew
In what type of lease does the landlord pay the property's operating expenses, including utilities,
repairs, and maintenance?
A graduated lease
A gross lease
A net lease
, An index lease - CORRECT ANSWER - A gross lease
What describes money that a tenant deposits with the owner, in advance of possession, for the
repair of any damages for which the tenant is responsible?
A lease deposit
A partial payment
A security deposit
An escrow deposit - CORRECT ANSWER - A security deposit
What is an oral or written agreement that creates and governs, by express or implied terms, a
landlord-tenant relationship?
An agency
A sales contract
A listing
A lease - CORRECT ANSWER - A lease
Who is responsible for maintaining a residential property in a condition fit for human
occupancy?
The city
The tenant
The lessee
The landlord - CORRECT ANSWER - The landlord
What Act is a model law enacted as a blueprint for state laws to regulate leasing and
management practices of landlords with residential properties?
The Residential Community Act
The Property Accommodations Act
The Uniform Residential Landlord and Tenant Act
