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Name: Homework 9

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Instructions:  

horizontal rule

Question 1   Multiple Choice (1.0000 points)
  Question: A leasehold estate used by most residential property managers is a(n)
 
    estate by the entireties.
estate from period to period.
estate for years.
tenancy at will.
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: An estate that occurs at the end of a lease term without the consent of the owner is a(n)
 
    estate for years.
tenancy at will.
estate by the entireties.
tenancy at sufferance.
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: A lease where the tenant pays a flat fee and the landlord pays all the expenses of the building is called a
 
    net lease.
gross lease.
percentage lease.
triple-net lease.
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: All of the following are correct regarding the basic elements of a valid lease EXCEPT
 
    Description of the property
Names and signatures of lessors and lessees
Consideration or amount of rent
Racial composition of the tenants
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: Which statute requires any leases not fully performable within one year be in writing to be legally enforceable?
 
    statute of time and use.
statute of limitations.
statute of frauds.
None of the above