medium · National Real Estate Exam property-management
If a lease requires 'landlord consent' for any transfer, what happens if a tenant assigns the lease without that consent?
- The assignee automatically becomes the fee simple owner.
- The lease is converted into a periodic tenancy.
- The assignment may be voidable at the landlord's option.
- The tenant is sentenced to 30 days in jail.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam property-management practice
- For a liquidated damages clause to be enforceable in a court of law, the amount specified
- If the tenant's lease expires and they move out without removing the oven, what describes
- A broker is hired by an investor to manage a large apartment complex. In this scenario, th
- An agent is authorized to conduct a series of transactions over time for a principal in a
- A broker is managing a property and collects rent. To simplify bookkeeping, the broker pay
- An individual rents a beach cottage for exactly two weeks, starting on June 1 and ending o
- A tenant pays $2,500 a month. This month, the property tax bill arrives and the landlord p
- A lease contains a provision that ties future rent increases… — What type of lease is this