Understanding Lease Agreements

Understanding Lease Agreements

12th Grade

20 Qs

quiz-placeholder

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Understanding Lease Agreements

Understanding Lease Agreements

Assessment

Quiz

Business

12th Grade

Medium

Created by

Steven Bilello

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a tenant prefer a month-to-month lease over a fixed-term lease?

It offers more flexibility to move out with short notice

It is always cheaper than a fixed-term lease

It does not require any responsibilities

It guarantees the rent will never increase

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should a tenant do if there is a plumbing or electrical issue in the rental unit?

Wait until the lease ends

Notify the landlord in a timely manner

Attempt major repairs themselves

Ignore the problem

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which action would be considered a violation of the tenant’s duty to maintain the property?

Cleaning the rental unit regularly

Changing light bulbs as needed

Leaving the property dirty and unkempt

Reporting maintenance issues

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a lease is for more than a year, what is required?

It must be notarized

It must be written

It must be oral

It must be registered

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to lease covenants, who remains responsible for the rent after an assignment of the lease?

The new tenant only

The original tenant only

Both the original tenant and the new tenant

The landlord

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tenant transfers only part of their lease to another person, but not the remainder. What is this action called?

Assignment

Sublease

Renewal

Termination

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tenant and landlord both agree to end a lease before its scheduled expiration. What is this called?

Mutual Agreement

Breach of contract

Eviction

Subletting

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