1. Another name for landlord is A. Lessee B. Lessor C. Vendee D. Vendor Most sta

Question

1. Another name for landlord is A. Lessee B. Lessor C. Vendee D. Vendor Most states require lease agreements for more than one year to be in writing to be enforceable. This is through the doctrine of 2. A. Statute of Limitations B. Statute of illegal activities C. Statute of Doctrine D. Statue of Frauds 3. A lease for one year or less in Utah is: A. Unenforceable B. Enforceable C. Voidable D. Void The landlord leases out his apartment to the tenant. In return he receives payment for the use of the premises by the tenant. At this point, the landlord's interest is called a leased fee estate plus 4. A. Remainder interest B. Re-entry interest C. Reversionary interest D. Right of Re-entry interest 5. A tenant's right to possess real estate for the term of the lease is called A. B. Leasehold estate Fee simple estate B. Freehold estate C. Fee simple absolute estate 6. A lease that is for a definite period of time and no notice is needed to terminate the lease is known as A. B. Estate for years Periodic tenancy C. Month to month D. Estate at will

Explanation / Answer

1. B Lessor

2.D Statute of Frauds

3. B Enforceable: Oral lease agreement for a period less than 1 year are enforceable, whereas oral lease agreement for a period more than 1 year is void as per Statute of Frauds, as it can be only a written contract.

4. C Reversionary Interest : Interest that the property would revert back to the freeholder or the landlord.

5. A Leasehold Estate as Freehold Estate is for indefinite period whereas it is for specific lease period.

6.A estate for years as the property is held for a specific period of time, and no notice is required to vacate at the termination of lease

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