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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.

  1. It is illegal to rent out a house without a rental permit from the town.
    True or False

  2. A lease can continue to be enforceable even after it expires.
    True or False

  3. It is illegal for an owner to discriminate against bad credit.
    True or False

  4. A tenant who assigns a lease to another remains liable for the rent.
    True or False

  5. The maximum number of people in a house is 12.
    True or False

  6. Failure to pay rent does not automatically constitute termination of the tenant's lease.
    True or False

  7. The first floor tenant in a house is responsible for snow removal.
    True or False

  8. Most landlords do credit reports on tenants.
    True or False

  9. Most real estate agents are also landlords.
    True or False

  10. 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

  11. Before renting a dwelling to an unknown applicant, the broker should obtain and verify a full rental application on the prospect.
    True or False

  12. An oral lease is valid.
    True or False

  13. 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

  14. A prospect is more valuable if he is interested in an "option to buy".
    True or False

  15. 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

  16. It is not unusual for tenants to pay for their own screening and credit report.
    True or False

  17. Plumbing stoppages are the tenant's responsibility under the LPA lease.
    True or False

  18. The LPA's Deadbeat Database/ National Tenant Reporting Bureau is designed to protect landlords from a hazardous tenant situation.
    True or False

  19. Real estate brokers can not protect the landlord adequately.
    True or False

  20. 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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