5.8 English Vocabulary Test, Final, Term 1, 2024

Emma is moving to an English-speaking country and wants housing flexibility without being tied to a long-term agreement. Which option should she choose to allow her to leave whenever she wants?

• Sign a lease
• Rent month-to-month
• Enter a mortgage agreement
• Sublease an apartment

Answer explanation

Renting month-to-month allows Emma the flexibility to leave whenever she wants without being bound by a long-term lease contract.

Carlos has a one-year lease on his apartment but needs to relocate temporarily for work. He doesn't want to lose his apartment. What is the best course of action for Carlos?

• Break his lease and pay a penalty
• Sublet his apartment to someone else
• Terminate his lease without penalty
• Convert his lease into a mortgage

Answer explanation

Subletting allows Carlos to have someone else occupy his apartment and pay rent while he's away, without breaking his lease agreement.

When signing a rental agreement, Sarah is asked to pay first and last month's rent upfront. What is the primary purpose of this deposit?

• To cover future rent increases
• To secure the property for her exclusive use
• To protect the landlord against unpaid rent or damages
• To prepay for utilities and maintenance fees

Answer explanation

The deposit serves as security for the landlord in case of unpaid rent or property damage during Sarah's tenancy.

If a tenant violates the terms of their lease agreement, they are said to be:

• In eviction
• In occupancy
• In breach of contract
• In sublease

Answer explanation

Violating lease terms constitutes a breach of contract, which can lead to legal action or eviction.

A landlord decides to initiate litigation against a tenant. What is the most likely reason for this action?

• The tenant requested maintenance repairs
• The tenant paid rent early
• The tenant breached the lease agreement
• The tenant renewed the lease

Answer explanation

Litigation is legal action taken when a tenant breaches the lease agreement, such as not paying rent or causing damage.

An apartment building has a sign that reads "Vacancy." What does this indicate?

• The building is not accepting new tenants
• There are available units for rent
• All units are currently occupied
• The building is scheduled for demolition

Answer explanation

"Vacancy" means there are empty units available for new tenants.

Which of the following best distinguishes real estate from an estate?

• Real estate includes all personal belongings, while an estate includes only property
• Real estate refers specifically to land and buildings, whereas an estate includes all owned assets
• An estate is limited to commercial properties, while real estate includes residential properties
• There is no difference; both terms are interchangeable

Answer explanation

Real estate is property consisting of land and buildings. An estate encompasses all assets owned by a person.

Lucas is buying a house but doesn't have the full amount. He pays a down payment and finances the rest. His monthly payments to the bank will consist of:

• Deposit and interest
• Principal and interest
• Rent and utilities
• Commission and taxes

Answer explanation

Lucas's mortgage payments include the principal (the loan amount) and interest (the cost of borrowing).

If someone wants to end their mortgage agreement before the term is completed, they should expect:

• A penalty for early termination
• A refund of all interest paid
• An extension of the mortgage term
• A reduction in monthly payments

Answer explanation

Ending a mortgage early usually incurs a penalty because the lender loses expected interest income.

Who is typically responsible for maintaining common areas like hallways and elevators in a condominium?

• The tenant
• The property manager
• The occupant
• The landlord

Answer explanation

In a condominium, the property manager maintains common areas used by all residents.