Leasing/Buying

A sub-lease is an agreement where a tenant

• rents a basement apartment
• rents from the original owner
• rents from the original tenant
• rents a submarine

Any permanent improvements on rental property become the property of the ...

• owner of the property
• tenant of the property
• new tenant moving in
• the sub-lessee

The owner of rental property is responsible for what kind of repairs?

• All repairs
• Only electrical
• Major or Structural repairs
• Only plumbing

A landlord should give how much notice before entering the premises of a rental property?

• 24 hours
• 48 hours
• 72 hours
• 30 days

Unless stated differently, most leases are for how long?

• 2 years
• 1 year
• 5 years
• 10 years

When subleasing, who is ultimately responsibility to the owner?

• The original owner
• The original tenant
• The new tenant (secondary)
• No one bears responsibility

When a landlord gives a written notice to take possession of a property, you are being ...

• Forclosed
• Bankrupt
• Evicted
• Arrested

Which of the following would NOT be considered a major utility in a rental agreement?

• Electric Bill
• Heating Bill
• Water and Sewer Bill
• Grocery Bill

What would be a major disadvantage of renting compared to buying a place to live?

• Little responsibility
• Less money
• Little Freedom to move easily
• Little Freedom to improve the property

Unless otherwise noted, rent is typically due when?

• Last day of the month
• First day of the month
• Middle of the month
• Anniversary of the day you moved in

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5