NJ REAL ESTATE 201 - CH 12 & 16 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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Course
NJ REAL ESTATEV
Institution
NJ REAL ESTATEV
NJ REAL ESTATE 201 - CH 12 & 16 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
A licensee-written lease must contain notice of the right to attorney review if it
A. requires a security deposit
B. contains an automatic renewal clause
C. provides for holdover tenancy
D. is for a period of one y...
NJ REAL ESTATE 201 - CH 12 & 16
EXAM 2024/2025 WITH 100% ACCURATE
SOLUTIONS
A licensee-written lease must contain notice of the right to attorney
review if it
A. requires a security deposit
B. contains an automatic renewal clause
C. provides for holdover tenancy
D. is for a period of one year or more - Precise Answer ✔✔D. is for a
period of one year or more
A lead-based paint disclosure statement must be included in the lease for
any
A. residential property
B. living unit to be occupied by a child under the age of ten
C. residential building constructed before 1978
D. residential or commercial property - Precise Answer ✔✔C.
residential building constructed before 1978
A lease is considered to be
A. freehold estate
B. personal property
,C. a reversionary interest
D. real property - Precise Answer ✔✔B. personal property
A woman agrees to rent her upstairs apartment to a friend for only the
next six months. The friend has a(n)
A. estate for years
B. periodic estate
C. tenancy at will
D. tenancy at sufferance - Precise Answer ✔✔A. estate for years
The owner agrees to rent his upstairs apartment, which is not subject to
rent control, to a friend from month to month. To end the arrangement,
the owner must
A. file a court suit to recover possession
B. give at least 60 days' notice from the day the rent is due
C. give at least one month's notice before the day the rent is due
D. simply refuse to accept the next month's rent on the day it is due -
Precise Answer ✔✔C. give at least one month's notice before the day
the rent is due
A tenant's lease has expired, the tenant has neither vacated nor
negotiated a renewal lease, and the landlord has declared that she does
not want the tenant to remain in the building. The tenancy is called
A. estate for years
B. periodic estate
, C. tenancy at will
D. tenancy at sufferance - Precise Answer ✔✔D. tenancy at sufferance
The owner sells her six-unit apartment building in Trenton to a buyer.
All tenants have leases and have paid security deposits. Now
A. the buyer may give all tenants 30 days' notice
B. tenants should collect their security deposits from the previous owner
C. the new owner must renegotiate all leases with the tenants
D. the original owner must turn over security deposits to the new owner
- Precise Answer ✔✔D. the original owner must turn over security
deposits to the new owner
A lease, properly acknowledged, may be recorded if it is for a period of
more than
A. one year
B. two years
C. three years
D. four years - Precise Answer ✔✔B. two years
The prospective tenant is entitled to an attorney's review of a licensee-
written residential lease that runs for as short a term as
A. three years
B. two years
C. one year
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