hard · National Real Estate Exam
An owner of a professional building enters into a 10-year lease with a medical group. After 2 years, the owner sells the building to a new investor.
What is the effect of this sale on the medical group's lease?
- The lease is terminated because the original lessor no longer owns the property.
- The tenant has 30 days to vacate or sign a new lease with the investor.
- The lease becomes voidable at the option of the new investor.
- The lease remains in effect, and the new owner must honor its terms.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim