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A landlord may enter leased premises to make repairs if the landlord
is given this right in the lease.
For the tenant to terminate a tenancy from month-to-month, according to standard protocol, the tenant
must give notice to the landlord prior to termination.
A lease calls for a base rent of $1,200 per month plus 4% of the annual gross business exceeding $150,000. This is what type of lease?
Percentage
An agreement in which the tenant pays a fixed rent and the landlord pays all taxes, insurance, and maintenance on the property is a
gross lease.
A percentage lease provides for a
definite monthly rent plus a percentage of the tenant’s gross receipts in excess of a certain amount.
A tenant who transfers the remaining term of a lease to a third party is
assigning the lease.
If a tenant complains to the authorities about a housing code violation in the apartment building that affects her health, the landlord may
remedy the violation in a reasonable time frame.
A property owner sells his North Carolina mountain chalet that he has been renting to vacationing ski fanatics for years. At the time of the sale, there are already 20 different week-long reservations in place for the upcoming ski season that starts in a couple of months. The purchaser of the chalet
must honor any of the reservations that occur within the next six months.
If a landlord fails to repair the broken heating system in a timely manner, the tenant may
leave the premises and stop paying rent.
The Residential Rental Agreement Act requires the landlord to be responsible for which of these?
To keep common areas safe
A ground lease is usually
for 99 years.
If a lessor sells the leased premises, the new owner
takes the property subject to the terms of the tenants’ leases.
With a month-to-month tenancy, the landlord can require a maximum security deposit equal to
one and one-half months’ rent.
If a residential tenant breaches the lease by not paying rent, the landlord may
file a summary ejectment with the courts.
Constructive eviction occurs when the
tenant moves out because the landlord fails to keep the premises in habitable condition.
An estate for years
terminates automatically at the expiration of the lease term.
An estate at sufferance usually terminates
through a summary ejectment.
A landlord has sold his building to the state so that a freeway can be built. The tenant’s lease has expired, but the landlord is letting him remain until the time the building will be torn down. The tenant is part of a
tenancy at will.
If the landlord of an apartment building breaches her lease with one of the tenants and the tenant’s unit becomes uninhabitable, which of the following would probably result?
Constructive eviction
Which of the following statements about the Tenant Security Deposit Act is NOT true?
A property manager may be bonded for security deposits if the bonding company is located in North Carolina.
A tenant has a one-year leasehold interest in a property. The interest automatically renews itself at the end of each year. The tenant’s interest is referred to as a tenancy
from period to period.
A tenant has assigned her apartment lease to a friend, and the landlord has agreed to the assignment. If the friend fails to pay the rent, who is liable?
The friend is primarily liable; the original tenant is secondarily liable.
Which event would automatically terminate a residential lease?
Destruction of the property
Which transaction would best be described as involving a ground lease?
With the landowner’s permission, a tenant builds a shopping center on a rented property at the tenant’s own expense.
The North Carolina REALTORS® Residential Rental Contract includes which of the following provisions?
Handling of tenant security deposits
Landlords and their agents must comply with laws that
prohibit sexual harassment of tenants.
A purchaser of a residential property is advised by her agent that there are some pending but unfulfilled vacation leases coming up after closing. The new owner must honor those leases
that will end within 180 days after the transfer.