Deck 15: Residential Leases

Question 1

If a lessor's noncompliance renders the premises uninhabitable by local building, health, or safety code standards, the lessor is said to have the lessee ___.

Answer 1

constructively evicted

Question 2

is the right to seize a lessee's goods to satisfy a rent arrearage.

Answer 2

Distress

Question 3

The following are concerned taxable income to the lessor:

A) security deposits
B) advance rents
C) both a and b

Answer 3

B

Question 4

In addition to evicting a lessee, a lessor may:

A) seize personal property by forcible entry to satisfy an outstanding rent obligation
B) sue for back rents owed
C) both a and b

Question 5

Under what conditions may a lessor impose rules and regulations upon the use of a leased premises?

Question 6

Until a judgment is reached in an eviction suit, the lessor may not interrupt the lessee's essential services.

Question 7

How must a lessor handle security deposits?

Question 8

Under the URLTA, there is no affirmative duty placed upon a lessee to repair the premises.

Question 9

A security deposit may not be treated as rent.

Question 10

What functions are served by a lease?

Question 11

What issues are addressed by the URLTA?

Question 12

___ provision in a lease that safeguards the lessor from any potential liability as a result of personal injury or loss suffered by the lessee or any other person on the leased premises is called provision.

Question 13

A lessee has all legal rights in the real property leased except:

A) right of exclusive possession
B) right of quiet enjoyment
C) right of disposition

Question 14

What basic provisions should be included in a residential lease?

Question 15

A lawsuit to remove a lessee is known as constructive eviction.

Question 16

A lease that provides for rent increases on specified dates in predetermined amounts is a     lease.

Question 17

The URLTA allows distraint for rent.

Question 18

Under the URLTA, a lessee must:

A) dispose of waste in a clean and safe manner
B) make repairs to the premises
C) both a and b

Question 19

___ is a deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance.

Question 20

It is common for lessors to carry:

A) public liability insurance
B) renter's insurance
C) both a and b