Question
6.If the term of a lease is more than one year, the a.t enant must give the landlord six months' rent in advance. b. lease
6.If the term of a lease is more than one year, the
a.t enant must give the landlord six months' rent in advance.
b. lease must be in writing.
c. lease may be oral or written.
d. tenant may not sublease the apartment.
7.To be valid, a lease must be
a.typewritten.
b.in a prescribed form.
c.written in English.
d.in writing if for more than one year.
8.Whether the landlord or the tenant is liable for injuries to a guest would depend on
a.what the lease provides.
b.who had control of the premises where the injuries occurred.
c.both what the lease provides and who had control of the premises where the injuries occurred.
d.neither what the lease provides nor who had control of the premises where the injuries occurred.
9.A tenancy at will continues until
a.the tenant dies.
b.the tenant becomes bankrupt.
c.the landlord becomes bankrupt.
d.either the landlord or tenant notifies the other that the lease is being terminated.
10.If a lease is silent about who pays the real estate taxes assessed against the leased premises,
a.the tenant pays.
b.the landlord pays.
c.the landlord and tenant split the amount due.
d.none of these.
11.The final step in a real estate transaction is usually called a(n)
a.foreclosure.
b.escrow agreement.
c.settlement.
d.closing.
12.Baker put his house on the market for $90,000. Dalton offered $80,000, which Baker refused. Baker then offered to sell Dalton the house for $85,000. Baker's $85,000 offer is a(n)
a.counteroffer.
b.acceptance.
c.bid.
d.contingency.
13.The purchase of real property may be financed by
a.assuming an existing mortgage.
b.obtaining a new mortgage from a financial institution.
c.obtaining a mortgage from the seller.
d.all of these.
14.A title search might disclose
a.unpaid taxes.
b.mortgages against the property.
c.restrictive covenants.
d.all of these.
15.Recording a deed is done primarily to protect the
a.county clerk.
b.buyer.
c.seller.
d.buyer's attorney.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started