
Understanding Lease Agreements
Authored by Steven Bilello
Business
12th Grade
Used 1+ times

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20 questions
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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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