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Leasing/Buying

Authored by Sam Turner

Other

11th Grade

40 Questions

CCSS covered

Used 4+ times

Leasing/Buying
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

All repairs
Only electrical
Major or Structural repairs
Only plumbing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

24 hours
48 hours
72 hours
30 days

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unless stated differently, most leases are for how long?

2 years
1 year
5 years
10 years

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When subleasing, who is ultimately responsibility to the owner?

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Forclosed
Bankrupt
Evicted
Arrested

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