R E Ch 17 Leasehold Estates and the Nevada Residential Landlord and Tenant Act
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16 Terms
A two-day stay in a hotel room can be considered:
An estate for years.
The Nevada legislation which sets forth the rights, obligations, and duties of the parties under most residential lease transactions is known as:
The Residential Landlord and Tenant Act.
A lease must include which of the following rights of the owner?
Reversionary right.
Under Nevada law, the landlord who wishes to terminate a tenancy at will must give at least how many days' notice?
Five.
A situation in which someone is both the tenant and the landlord to the same property occurs under which of the following?
A sandwich lease.
A lease in which the tenant has agreed to pay ownership expenses, usually utilities, property taxes, and special assessments, along with the insurance on the property, is known as:
A net-net lease (or "double-net") lease.
Under Nevada’s statute of frauds, in which of the following cases must a lease be in writing?
If the lease is for a term of more than one year.
The type of lease that is used most commonly in the lease of retail business locations is:
A percentage lease.
Which of the following lease types is the most common lease used in residential apartments or homes?
Gross lease.
A long-term lease that usually runs for 50 or more years, in which the tenant may build on the property that is the subject of the lease, but the property continues to be owned by the landlord, is:
A ground lease.
when a tenant stays past the term of his lease and the landlord has the option to evict the tenant at any time
Estate at Sufferance
A _________ is a lease that gives the tenant the right to buy the leased property
lease option
A____________ is another means by which a lessee can purchase the property being leased
lease purchase
NRS 118A is known as the
Residential Landlord and Tenant Act
If, following the termination of a tenancy, a landlord does NOT return the remainder of the security deposit, the landlord will be
liable to the tenant for damages