Which of the following is a legal right of a landlord in a lease agreement? Select...
Which of the following is a legal right of a landlord in a lease agreement?
Select one:
a. The right to obtain property taxes from the tenant
b. The right to regain possession
c. The right to enter property without permission
d. The right to enter property to show prospective purchasers
Homework Answers
b. The right to regain possession
The owner has the right to regain possession once the lease contract is over or terminated accordingly
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Which of the following is a legal right of a landlord in a lease
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1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant...
1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant D) free simple absolute ownership of the tenant 2) An estate where the tenant has a right to possess the real property but does not own title to the property is called ________. A) free simple absolute estate B) gifted estate C) nonfreehold estate D) easement...
1. Which of the following is not considered personal property in legal terms? A) Intangible property...
1. Which of the following is not considered personal property in legal terms? A) Intangible property or chose in action B) A claim against someone that has value C) Intellectual property (ideas and creative work) D) Chattels E) A good affixed to real property Answer: : An option agreement is A) a contract transferring the fee simple to a new owner. B) a contract by which the offeror of property promises to hold his offer open for a period of...
lolololo Leasehold Estate A type of tenancy under which one who, after rightfully being in possession...
lolololo Leasehold Estate A type of tenancy under which one who, after rightfully being in possession of leased premises, continues (wrongfully) to occupy the property after the lease has been terminated. The tenant has no rights to possess the property and occuples it only because the person entitled to evict the tenant has not yet done so. Fixed-Term Tenancy A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week-to- week, month-to-month,...
D) $144,900.00 In a net lease, the tenant is responsible for paying a clearly defined portion...
D) $144,900.00 In a net lease, the tenant is responsible for paying a clearly defined portion of the property's operating expenses. Based on your understanding of the standard definitions of "netness" in commercial leases, the tenant is responsible for which of the following in a net-net lease? A) both property taxes and insurance B) no operating expenses C) all operating expenses D) only property taxes
Business Law 1) Sally has signed a 12 month on an apartment with Ted the landlord....
Business Law 1) Sally has signed a 12 month on an apartment with Ted the landlord. After two months Sally decides to move to another town to seek a better job and tells Ted she is breaching her lease. Ted spends two months angrily demanding that she pay the rent even she isn't living there and then decides to find a new tenant. He places ads in several papers and real estates magazines, which cost him $250. He receives applications...
How does confidential business information maintain the protection of the law? a. by registration  
How does confidential business information maintain the protection of the law? a. by registration b. by fixation c. by efforts to keep it secret d. by use The president of Amanda's organization has instructed that all strategic business information be protected due to its confidentiality. How will this secret information receive protection? a. Protection is afforded exclusively through patent claims. Protection is afforded exclusively through express or implied confidentiality obligations. Protection is afforded by copyright law. Protection is...
The legal concept of “Adequacy of Consideration means Select one: a. The court does not care...
The legal concept of “Adequacy of Consideration means Select one: a. The court does not care if the amount of money received in exchange for labor or property is adequate. b. The contract agreement must contain the word "consideration." c. The amount of money received in exchange for labor or property must be adequate or it is not a legal contract. Consideration involves each party inducing the other to change their position at Select one: a. Approximately the same time....
Business Law: Text and Cases 14th edition. Chapter 49, Page 960, Legal Reasoning Group Activity 49-10....
Business Law: Text and Cases 14th edition. Chapter 49, Page 960, Legal Reasoning Group Activity 49-10. 49–10. Adverse Possession. The Wallen family owned a cabin on Lummi Island in the state of Washington. A driveway ran from the cabin across their property to South Nugent Road. Floyd Massey bought the adjacent lot and built a cabin on it in 1980. To gain access to his property, Massey used a bulldozer to extend the driveway, without the Wallens' permission but also...
30.) On January 1, 2018, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a...
30.) On January 1, 2018, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Holt Warehouse Company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of costs yet to be incurred by the lessor. The following information pertains to this lease agreement. (a) The agreement requires equal rental payments at the beginning each year. (b) The fair value of the building on January 1, 2018 is $6,000,000; however, the...
Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease...
Assume that on December 31, 2019, Kimberly-Clark
Corp. signs a 10-year, non-cancelable lease agreement to
lease a storage building from Sheffield Storage Company. The
following information pertains to this lease agreement.
1.
The agreement requires equal rental payments of $67,299
beginning on December 31, 2019.
2.
The fair value of the building on December 31, 2019 is
$492,571.
3.
The building has an estimated economic life of 12 years, a
guaranteed residual value of $10,500, and an expected residual
value...
1. Which of the following is not considered personal property in legal terms? A) Intangible property or chose in action B) A claim against someone that has value C) Intellectual property (ideas and creative work) D) Chattels E) A good affixed to real property Answer: : An option agreement is A) a contract transferring the fee simple to a new owner. B) a contract by which the offeror of property promises to hold his offer open for a period of...
lolololo Leasehold Estate A type of tenancy under which one who, after rightfully being in possession of leased premises, continues (wrongfully) to occupy the property after the lease has been terminated. The tenant has no rights to possess the property and occuples it only because the person entitled to evict the tenant has not yet done so. Fixed-Term Tenancy A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week-to- week, month-to-month,...
D) $144,900.00 In a net lease, the tenant is responsible for paying a clearly defined portion of the property's operating expenses. Based on your understanding of the standard definitions of "netness" in commercial leases, the tenant is responsible for which of the following in a net-net lease? A) both property taxes and insurance B) no operating expenses C) all operating expenses D) only property taxes
Assume that on December 31, 2019, Kimberly-Clark
Corp. signs a 10-year, non-cancelable lease agreement to
lease a storage building from Sheffield Storage Company. The
following information pertains to this lease agreement.
1.
The agreement requires equal rental payments of $67,299
beginning on December 31, 2019.
2.
The fair value of the building on December 31, 2019 is
$492,571.
3.
The building has an estimated economic life of 12 years, a
guaranteed residual value of $10,500, and an expected residual
value...
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