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Vocab Test 31-40

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

Sandwich lease

a)

Agreement from the landlord to compensate the tenant for all or a portion of the funds required to construct the commercial spot

b)

Immediate transfer of ownership

c)

release of responsibility and/or ownership

d)

Lessor is also the lease, aka sublet

2.

Subleases

a)

Lessor is also the lease, aka sublet

b)

Lessor is also the lessee, aka sandwich lease

c)

Release of responsibility and/or ownership

d)

Landlord either does something or fails to do something that he has a legal duty to provide

3.

Tenant Improvement Allowance

a)

Agreement from the landlord to compensate the tenant for all or a portion of the funds required to construct the commercial space

b)

Giving responsibility and/or ownership to another

c)

Immediate transfer of ownership

d)

Lessor is also the lessee, aka sandwich lease

4.

Abandonment

a)

Evidence of transfer

b)

Release of responsibility and/or ownership

c)

signed statement by a party certifying for another's benefit that certain facts are correct. It defines each party's responsibility in a commercial lease

d)

Lessor is also the lease, aka sublet

5.

Assignment

a)

Giving responsibility and/or ownership to another

b)

signed statement by a party certifying for another's benefit that certain facts are correct. It defines each party's responsibility in a commercial lease

c)

Release of Responsibility

d)

Evidence of transfer

6.

Surrender

a)

Release of responsibility and/or ownership

b)

Landlord either does something or fails to do something that he has a legal duty to provide

c)

Agreement from the landlord to compensate the tenant for all or a portion of the funds required to construct the commercial space

d)

immediate transfer of ownership

7.

Constructive Eviction

a)

Agreement from the landlord to compensate the tenant for all or a portion of the funds required to construct the commercial space

b)

Evidence of transfer

c)

Landlord either does something or fails to do something that he has a legal duty to provide

d)

Lessor is also the lessee, aka sandwich lease

8.

Estoppel Statement

a)

Immediate transfer of ownership

b)

Evidence of transfer

c)

Landlord either does something or fails to do something that he has a legal duty to provide

d)

signed statement by a party certifying for another's benefit that certain facts are correct. It defines each party's responsibility in a commercial lease

9.

Evidence of Transfer

a)

Surrender

b)

Deeds

c)

Sandwich lease

d)

Abandonment

10.

A quitclaim

a)

Immediate transfer of ownership

b)

Giving responsibility and/or ownership to another

c)

Lessor is also the lease, aka sublet

d)

Release of responsibility and/or ownership