Chapter 12: Leases - Landlord and Tenant Flashcards Preview

NJ Real Estate Licensing Exam > Chapter 12: Leases - Landlord and Tenant > Flashcards

Flashcards in Chapter 12: Leases - Landlord and Tenant Deck (25)
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1
Q

action whereby a defaulted tenant is physically ousted from a rental property pursuant to a court order

A

actual eviction

2
Q

mandates certain adaptations of real estate to accommodate various disabilities

A

Americans with Disabilities Act (ADA)

3
Q

the transfer in writing of interest in a contract, mortgage, lease, or other instrument

A

assignment

4
Q

designation by the Institute of Real Estate Management

A

Certified Property Manager (CPM)

5
Q

landlord actions that so materially disturb or impair the tenant’s enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease without liability for any further rent

A

constructive eviction

6
Q

the transfer of property by lease

A

demise

7
Q

an interest for a certain, exact period of time in property leased for a specified consideration

A

estate for years

8
Q

a lease of property under which a landlord pays all property chargers regularly incurred through ownership, such as repairs, taxes and insurance

A

gross lease

9
Q

a lease of land only, on which the tenant usually owns a building or constructs a building as specified by the lease

A

ground lease

10
Q

a tenancy whereby a lessee retains possession of the leased property after his or her lease has expired and the landlord, by continuing to accept rent, agrees to the tenant’s continued occupancy

A

holdover tenancy

11
Q

landlord’s responsibility for decent living conditions

A

implied warranty of habitability

12
Q

a written or oral contract between a landlord (the lessor) and the tenant (the lessee) that transfers the right to exclusive possession and use of the landlord’s real property to the lessee for a specified period of time and for a stated consideration (rent)

A

lease

13
Q

tenant

A

lessee

14
Q

landlord

A

lessor

15
Q

property manager’s employment agreement

A

management agreement

16
Q

a lease requiring the tenant to pay not only rent but also some or all costs of maintaining the property, such as taxes, insurance, utilities and repairs

A

net lease

17
Q

a lease commonly used in malls; rent is based on the tenant’s gross sales

A

percentage lease

18
Q

on interest in leased property that continues from period to period, week to week, month to month, year to year

A

periodic estate

19
Q

someone who manages real estate for another person or compensation

A

property manager

20
Q

agreement giving tenancy to another; original tenant still responsible

A

sublease

21
Q

landlord’s court action to evict tenant

A

suit for possession

22
Q

another term for dispossess proceeding

A

summary proceeding

23
Q

a situation in which a tenant comes into possession of land by lawful title and keeps it afterward without any right at all

A

tenancy of sufferance

24
Q

an estate that gives the lessee the right to possession until the estate is terminated by either party; the term of this estate is indefinite

A

tenancy at will

25
Q

NJ requirement that tenants be informed of their rights; the notice must be available in English and Spanish

A

Truth in Renting