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Leases & Property Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. A ____ is implied in most residential leases.

Question 2 2. Which of the following is an example of constructive eviction?

Question 3 3. Dad and mom let their son move back in for $100 a month. The parents agree that son can move out any time he wants, and the son agrees that mom and dad can kick him out any time they want. What type of tenancy does the son have?

Question 4 4. What law requires that a lease with a duration of more than one year be in writing and signed by the landlord and tenant?

Question 5 5. A landlord has obtained a judgment ordering the eviction of his tenant. Who may the landlord have enforce the judgment?

Page 2

Question 6 6. Emily rents her house to Frank on a month-to-month basis. What type of tenancy does Frank have?

Question 7 7. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?

Question 8 8. Nathan just executed a lease that will terminate in six calendar months. What type of tenancy does Nathan have?

Question 9 9. What paperwork does a landlord serve a tenant with after they have filed for eviction proceedings in court?

Question 10 10. Tim owns a toy store and is leasing space in a strip mall. He has to pay rent, real estate tax and insurance. What type of lease does Tim have?

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Question 11 11. What's another name for a nonfreehold estate?

Question 12 12. Which of the following is incorrect about a sale and leaseback?

Question 13 13. Which of the following is NOT a disadvantage of a leaseback?

Question 14 14. What are two components of a leaseback?

Question 15 15. What must the tenant pay in a gross lease?

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Question 16 16. Which of the following is an appropriate time to use an unconditional quit notice?

Question 17 17. In a leaseback, the _____ sells real estate, and the _____ becomes a tenant.

Question 18 18. A tenant has adopted a cat in a property that has a no-animals clause in its lease. The landlord will not allow the tenant to stay if they do not remove the cat. What kind of notice is appropriate?

Question 19 19. Mandy's lease has expired, and she is remaining on the premises without her landlord's consent. What type of tenancy does she have?

Question 20 20. Which of the following is generally NOT an advantage of a leaseback to the seller?

Leases & Property Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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