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Types Of Estates

Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.
 

 1. 

What is the least desirable type of estate in real property?
a.
estate by sufferance.
c.
estate from period to period
b.
estate for years.
d.
estate at will
 

 2. 

How much notice to terminate must be given by a tenant with a lease for years that has a one year lease?
a.
none
c.
30 days
b.
one year
d.
80 days
 

 3. 

A tenant who continues to occupy a property after the lease has expired (a holdover tenant) is a:
a.
tenant at sufferance.
c.
tenant at will
b.
trespasser.
d.
a tenant who has to go to court to stay in the property
 

 4. 

A  3-month lease is a:
a.
tenancy for years.
c.
tenancy by sufferance.
b.
periodic tenancy.
d.
tenancy at will
 

 5. 

A lease from Saturday to Friday is a:
a.
tenancy for years.
c.
tenancy by sufferance.
b.
periodic tenancy.
d.
tenancy at will
 

 6. 

A lease from January 1, 2004  to August ,1 2005 creates a:
a.
tenancy for years.
c.
tenancy by sufferance.
b.
periodic tenancy.
d.
tenancy at will
 

 7. 

Possession of a leased property by the tenant without the landlord (lessor's) consent creates a
a.
tenancy for years.
c.
tenancy by sufferance.
b.
periodic tenancy.
d.
tenancy by will
 

 8. 

What is the difference between a tenancy at will and a tenancy for years?
a.
A tenancy at will lasts for a certain time; a tenancy for years lasts for an uncertain time.
b.
A tenancy at will is legal; a tenancy for years is not.
c.
A tenancy at will is not legal; a tenancy for years is.
d.
A tenancy at will lasts for an uncertain time; a tenancy for years lasts for a certain time.
 

 9. 

Both freehold and leasehold estates are:
a.
leases.
c.
tenancies.
b.
a form of ownership.
d.
fee interests
 

 10. 

A tenant who fails to move out after their lease has expired has a:
a.
tenancy at will
c.
tenancy for years
b.
periodic tenancy.
d.
tenancy by sufferance.
 

 11. 

How much notice must be given to terminate a one year lease?
a.
none
c.
one full month
b.
one year
d.
at least 6 months
 

 12. 

A lease from February 10 through February 18 creates a:
a.
tenancy by sufferance.
c.
tenancy for years.
b.
period tenancy.
d.
tenancy at will.
 

 13. 

The estate by sufferance is the lowest estate known to law because it:
a.
exists after the termination of a lease.
b.
is a freehold interest which is not inheritable.
c.
is the least expensive lease
d.
it is the one most often used
 

 14. 

At the end of a one year lease, the tenant simply moved out. The landlord sent the tenant a bill for one month's rent because the tenant didn't give advance notice. The tenant:
a.
owes nothing further to the landlord.
b.
owes one months rent for failing to give at least one month's notice.
c.
may owe for a full year lease
d.
can owe something if the court agrees
 

 15. 

After a lease expired, the landlord accepted a rent check from the tenant. The parties have created a:
a.
tenancy at will.
c.
tenancy in sufferance
b.
tenancy for years.
d.
a periodic tenancy
 

 16. 

After the lease expired, the landlord allows the lessee to remain in the property while the parties negotiate the terms of a new lease. During the negotiations, the lessee now has a/an:
a.
tenancy at sufferance.
c.
tenancy for years.
b.
tenancy at will.
d.
periodic tenancy.
 

 17. 

A tenant moves because the property has hazardous wiring. This is:
a.
a constructive eviction.
c.
required by law
b.
an actual eviction.
d.
required by the fire marshall
 

 18. 

The landlord didn't pay the heat and the utilities are shut off by the utility company. This is:
a.
an actual eviction.
c.
illegal
b.
a constructive eviction.
d.
may be acceptable depending on circumstances
 

 19. 

A lease with a condemnation clause:
a.
gives the government authority to condemn the property if necessary.
c.
automatically terminates upon condemnation.
b.
continues to run even if condemned.
d.
a.      prevents government condemnation.
 

 20. 

If a leased property is condemned what happens to the lease if it has a condemnation clause?
a.
The lease is terminated by the condemnation.
c.
A condemnation clause does not effect the lease.
b.
Lease is not be terminated by condemnation.
d.
The lease may or may not be effected.
 

 21. 

Which provision in the mortgage protects the lender financing the construction of a property which will be rented?
a.
assignment of rents
c.
collection agreement
b.
condemnation
d.
due on default clause
 

 22. 

A foreclosure on an apartment building will not affect any of the leases if the mortgage contains a:
a.
nondisturbance clause.
c.
foreclosure claues
b.
subordination clause.
d.
alienation clause
 

 23. 

A lease is terminated by:
a.
a change in the zoning.
c.
assignment of the lease.
b.
death of the landlord or tenant.
d.
a.      condemnation.
tenancy at will.
 

 24. 

An estate for years is terminated by:
a.
death of the lessee.
c.
sale of the property.
b.
assignment of the lease.
d.
mutual agreement.
 

 25. 

Each of these terminates a lease EXCEPT:
a.
destruction of the property.
c.
constructive eviction.
b.
foreclosure.
d.
abandonment.
 



 
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