Take The Landlord Test #3
How do you score as a landlord? Are you prone to landlord traps?
Answer the following True or False test questions and find out.
- It is illegal to rent out a house without a rental permit from the town.
True or False
- A lease can continue to be enforceable even after it expires.
True or False
- It is illegal for an owner to discriminate against bad credit.
True or False
- A tenant who assigns a lease to another remains liable for the rent.
True or False
- The maximum number of people in a house is 12.
True or False
- Failure to pay rent does not automatically constitute termination
of the tenant's lease.
True or False
- The first floor tenant in a house is responsible for snow removal.
True or False
- Most landlords do credit reports on tenants.
True or False
- Most real estate agents are also landlords.
True or False
- An accepted deposit by a broker on a vacant rental obligates the owner to
rent the premises to the party who made the deposit.
True or False
- Before renting a dwelling to an unknown applicant, the broker should obtain
and verify a full rental application on the prospect.
True or False
- An oral lease is valid.
True or False
- A tenant is always entitled to a "First right of refusal" to purchase the
premises as long as his lease term has not expired.
True or False
- A prospect is more valuable if he is interested in an "option to buy".
True or False
- A Move-in Move-out report signed by the tenant will help the landlord
enforce deductions for damages from the tenant's security deposit.
True or False
- It is not unusual for tenants to pay for their own screening and credit report.
True or False
- Plumbing stoppages are the tenant's responsibility under the LPA lease.
True or False
- The LPA's Deadbeat Database/ National Tenant Reporting Bureau
is designed to protect landlords from a hazardous tenant situation.
True or False
- Real estate brokers can not protect the landlord adequately.
True or False
- A landlord should make sure all his tenants have his beeper or
cell phone number to be accessible 24 hrs a day.
True or False
ANSWERS:
1.F (It may be a zoning violation and called "illegal")
2.T
3.F
4.T
5.F
6.T
7.F
8.T
9.F
10.F
11.T
12.T
13.F
14.F
15.T
16.T
17.T
18.T
19.F
20.F
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