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Exam 35: Real Property and Landlord-Tenant Law

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Question 41

True/False

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A fixed-term tenancy is created when property is leased for a specified period of time.

A) True
B) False

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Question 42

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Nell wants to lease a condo for two years from Oak Street Condos Inc. In most states, the lease agreement must be​

A) ​in writing.
B) ​none of the choices.
C) ​witnessed.
D) ​notarized.

E) A) and D)
F) A) and C)

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Question 43

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Larissa leases to Metal Fabrication Corporation a 10,000 square-foot building under a written lease with a twenty-year term, rent payable annually. The lease includes a clause stating that Metal Fabrication is responsible for making all necessary repairs, including rebuilding the structure after its destruction by any cause beyond Larissa's control. The lease does not include a clause concerning its assignment. One day after the tenth rental payment, Metal Fabrication, without Larissa's knowledge or consent, assigns its interest in the lease to National Steel, Inc. Meanwhile, Larissa dies and Olina inherits her interest in the building. Without the knowledge or consent of either Metal Fabrication or National Steel, Olina sells the building to Prime Properties, Inc. The next month, the building is destroyed in a devastating storm. Metal Fabrication rebuilds it and files a suit against Prime Properties for the expense. The defendant responds that the lease has terminated. Is Prime Properties correct? If so, when did the lease terminate? If not, is Prime Properties liable for the cost of rebuilding the structure? Why or why not?

Alexis sells half of her Triple A Ranch land to the Bar B Ranch. On the land is a reservoir. In the deed, Alexis retains the right to remove a limited amount of water per day from the reservoir. This right is

The tenant's transfer of leased premises for a period shorter than a lease term is an assignment.

Bob owns a beach house in California. His ownership is considered fee simple absolute. Bob's interest​

To be valid, a deed must contain a legally sufficient description of the land.

A life tenant can exploit the land by drilling new wells or excavating mines.

Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it should include​

If property is owned as community property, each spouse owns an undivided one-half interest in it.

Mia has a periodic tenancy that requires her to pay rent weekly. Mia wishes to terminate her tenancy. Under the common law, she must give her landlord notice of at least

An assignment of a lease releases the original tenant from the obligation to pay rent should the assignee default.