Take The Landlord Test #2

Answer the following multiple choice test questions and find out.

1. The owner of real estate who leases it to someone is called:

a) merchant
b) vendor
c) lessee
d) lessor

2. When real estate that is being leased is sold, the lease

a) expires
b) is renegotiated
c) must be renewed
d) remains binding on the new owner

3. An example of Constructive Eviction is when

a) the tenant is more than 10 days late after the standard grace period
b) the landlord initiates summary proceedings
c) the lease contains a provision covering you for late charges
d) the landlord turns off utilities to make the tenant move out

4. To be binding, a lease must be signed by the

a) broker
b) property manager
c) lessee and the broker
d) lessor and lessee

5. Before evicting the tenant, the landlord should

a) Take the tenant out to lunch and discuss matters
b) Notify the tenant in writing of any default in the lease
c) Threaten to report the tenant to the Deadbeat Database
d) Start turning off utility services to the tenant

6. Complete this quote: "95% of tenant problems can be eliminated

a) by intimidation." Ben Franklin
b) by handy tenants." Arthur Fonzerelli
c) in the screening process." John Nuzzolese
d) by meteors." Carl Sagan

7. It is not legal for credit bureaus to transmit credit reports over

a) a fax machine
b) a public forum
c) an unsecure internet
d) telephone lines

8. According to the statute of frauds, a five year oral lease is

a) illegal
b) enforceable
c) not enforceable
d) a felony

9. According to the LPA, a landlord should not

a) forget the 6 Biggest Landlord Traps
b) eat fattening foods
c) screen tenants carefully

10. When a tenant's belongings get damaged by a bolt of lightning, the tenant can

a) collect insurance money from the landlord
b) collect insurance money from his own renter's insurance policy
c) be excused from his rent obligations until his belongings are replaced
d) change the terms of the lease including but not limited to reducing the late fee and renegotiating the monthly rent.

ANSWERS:

1) d
2) d
3) d
4) d
5) b
6) c
7) b
8) c
9) a
10) b