FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 13: Leases

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

True/False

Review LaterAdd Note

Review Later

The clause in a lease that prohibits a tenant from opening another store within a certain geographical distance of the leased premises is known as a nondisturbance agreement.

A) True
B) False

Correct Answer

verified

False

Question 2

True/False

Review LaterAdd Note

Review Later

A landlord generally has a right to terminate a lease for tenant's default.

A) True
B) False

Correct Answer

verified

Show Answer

Question 3

True/False

Review LaterAdd Note

A security deposit is usually given to secure a tenant's performance under a lease.

A percentage rent clause in a retail lease will generally provide that a percentage of the tenant's gross sales or net sales on the premises will be paid to the landlord as rent.

A lease without a specified term is deemed to be a perpetual lease.

URLTA prohibits a rental agreement that provides that the landlord shall pay the tenant's attorneys' fees.

A lease provision that prohibits a tenant from opening another store within a certain geographical area of the leased premises is called a:

A CPI rent escalator in a lease protects the landlord against inflation.

Oral leases are not enforceable under URLTA.

Under common law, a tenant was obligated to continue paying rent even if the leased premises had been damaged or destroyed.

Under a gross lease, a tenant would pay which of the following items:

A lease provision that provides that rent will increase in a predetermined amount on a predetermined date is known as a:

The original tenant after an assignment or sublet is released from its responsibility.

A lease provision that provides the landlord will not hinder or interfere with a tenant's possession of the premises is known as a:

A mortgage holder's agreement to honor a tenant's lease upon foreclosure of the mortgage is known as an estoppel.

Rent is generally payable in advance.

A landlord may have a right to dispossess the tenant without termination of the lease for tenant's default.

A landlord's failure to perform under the lease generally does not give the tenant the right to terminate the lease.

Under URLTA, unless the rental agreement sets a definite term, the tenancy is a month-to-month tenancy.

Typically, the parties to an attornment and nondisturbance agreement are: