Chapter 12 Quiz: Leasehold Estates and Property Management

A tenant has an interest in a lease called:

All leases have a ____ interest whereby the property will return to the lessor.

A type of lease interest that is a fixed period of time is called:

A landlord must make modifications for a physically challenged tenant if:

A property manager owes a fiduciary obligation to the:

A property management company and the owner:

Sam was in lawful possession of Larry’s property but now refuses to leave after his right to possession has been terminated. Sam is known as a tenant ____ during eviction proceedings.

Jenkins has a lease that requires NO notice to terminate upon the original expiration date. Jenkins has a(n):

A contract that temporarily transfers the right to possession of a property is a(n):

Which of the following does NOT describe a leasehold right of possession by a non-owner of the property?

Sarah’s lease is described as open-ended and can be terminated by Sarah or her landlord. This must be a(n):

The consideration, also called something of value in a lease, is:

A security deposit may not exceed:

A landlord may have all the following clauses in a lease EXCEPT:

The landlord shall mail a list of damages with a refund to the tenant within how many days of the termination of the clause: