Rental and Lease Agreement Quiz
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Questions and Answers

What is the purpose of a lease agreement?

  • To view the space and make an offer
  • To rent property to a tenant in exchange for monthly payments (correct)
  • To give consent to the landlord to perform a credit and background check
  • To authorize a rental application

    • When must the first month's rent and security deposit be paid?

  • Upon viewing the space
  • At the end of the lease term
  • After accessing the property
  • Before signing the agreement (correct)

    • What does the tenant do after viewing the space and finding it acceptable?

  • Authorize a rental application
  • Sign the lease agreement immediately
  • Pay a small fee for the rental application
  • Make an offer to the real estate agent, manager, or landlord (correct)

    • What is the purpose of authorizing a rental application and paying a small fee?

    <p>To legally perform a credit and background check</p> Signup and view all the answers

    What is recommended before renting property to a tenant?

    <p>Running a consumer report to view credit and background reports</p> Signup and view all the answers

    What is the purpose of a rental application?

    <p>To provide consent for the landlord to legally perform a credit and background check</p> Signup and view all the answers

    When is the tenant given access to the property?

    <p>First day of the term as agreed upon</p> Signup and view all the answers

    What is recommended before renting property to a tenant?

    <p>Running a consumer report</p> Signup and view all the answers

    What must be paid when signing the lease agreement?

    <p>First month’s rent and security deposit</p> Signup and view all the answers

    What does the tenant do after viewing the space and finding it acceptable?

    <p>Make an offer based on the monthly rent amount</p> Signup and view all the answers

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