Which of the following statements is TRUE?
A) A commercial lease is always granted to a corporation and a residential lease is always granted to an individual.
B) If the duration of a lease is three years or less,the parties must set a specific rent at the outset,and that amount cannot be altered during the term of the lease.
C) The covenant for quiet possession may apply even if both parties are deaf.
D) The right of distress is used more often for residential leases than for commercial leases.
E) If a residential tenant commits a breach of contract,the landlord is not expected to mitigate its losses.
Correct Answer:
Verified
Q54: Jocelyn shares a joint tenancy with three
Q55: The word "intestacy" refers to
A)the "heart" or
Q56: Winifred and Randolph jointly owned a piece
Q57: Belinda and Peter own neighbouring pieces of
Q58: Matthew,Mark,Luke,and John are four brothers.They equally share
Q60: Shortly before he died,Walter drafted a will
Q63: Explain the difference between a possessory interest
Q64: Omar,an elderly bachelor,has the fee simple to
Q65: What is the difference between a reversion
Q73: Explain the concept of "expropriation."
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents