chapter 12 Leases landlord and tenant

Question 1

Agreement transferring use of real estate for period of time

Answer 1

Lease

Question 2

designation by the Institute of Real Estate Management

Answer 2

Certified Property Manager

Question 3

Landlord’s responsibility for decent conditions

Answer 3

Implied warranty of habitability

Question 4

lease for a definite (clearly Stated) period of time

Answer 4

Estate for years

Question 5

Lease under which landlord pays taxes, insurance and other expenses

Answer 5

Gross lease

Question 6

a transfer of property by lease

Answer 6

Demise

Question 7

tenant is forced to move because apartment becomes uninhabitable

Answer 7

Constructive Eviction

Question 8

rental of land on which tenants erect (build) their own buildings

Answer 8

Ground Lease

Question 9

situation when tenant remains after lease period has expired

Answer 9

Holdover Tenancy

Question 10

suit for possession; legal removal of a tenant

Answer 10

Actual Eviction

Question 11

Tenant

Answer 11

Lessee

Question 12

transfer of primary responsibility for a lease to another party

Answer 12

Assignment

Question 13

agreement given tenancy to another; original tenant still responsible.

Answer 13

Sublease

Question 14

another term for dispossess proceeding

Answer 14

Summary Proceeding

Question 15

landlord’s court action to evict tenant

Answer 15

Suit for possession

Question 16

lease in which landlord shares in gross receipts of tenant’s business

Answer 16

percentage lease

Question 17

lease in which tenant pays expenses like property taxes , insurance, and so forth

Answer 17

Net Lease

Question 18

lease with regular rent payment and no stated ending date

Answer 18

Periodic Estate

Question 19

landlord

Answer 19

Lessor

Question 20

person who looks after another’s rental real estate

Answer 20

Property Manager

Question 21

property manager’s employment agreement

Answer 21

management agreement

Question 22

state requirements that tenants be notified of their rights

Answer 22

Truth in renting

Question 23

tenancy that may be terminated when landlord wishes

Answer 23

tenancy at will

Question 24

tenants remaining after lease term without landlord’s consent

Answer 24

tenancy at sufferance