Lease Agreement Quiz

What happens if the tenant cannot occupy the premises on the effective date due to certain circumstances?

How long can the duration of the lease agreement be?

What happens after the initial period of the lease agreement?

How can the lease agreement be extended?

What happens if the parties fail to agree on the terms of the extension or the new lease agreement?

How can either party terminate the lease agreement?

When will the provisions of Section 14 of the CPA no longer apply to the lease agreement?

The landlord leases the premises to the tenant in terms of the lease agreement.
The duration of the lease agreement can be less or more than 24 months.
If the tenant cannot occupy the premises on the effective date due to certain circumstances, the landlord will not be liable for any damages suffered by the tenant.
The lease agreement will continue on a month-to-month basis after the initial period, unless either party advises the other in writing at least 30 days prior to the termination of the initial period.
The lease agreement can be extended on the same terms for a further fixed-term period, or the parties can sign a new lease agreement.
If the parties fail to agree on the terms of the extension or the new lease agreement, the lease agreement will continue on a month-to-month basis.
Either party can terminate the lease agreement without reason or penalty on a month-to-month basis by giving a calendar month's written notice.
The provisions of Section 14 of the CPA will no longer apply to the lease agreement if it continues on a month-to-month basis.
The tenant will have the financial benefit of the items set out in item 1.25 if the duration of the lease agreement is more than 24 months.
The lease agreement will terminate on the date set out in item 1.24, unless cancelled or terminated earlier in accordance with its terms.

Test your knowledge of lease agreements with this quiz! From the duration of the lease to the termination process, this quiz covers the key points of a standard lease agreement. Brush up on your understanding of lease provisions and see how well you know the terms of a lease agreement. Perfect for tenants, landlords, or anyone interested in learning more about lease agreements.