CRLS Lease Administration & Security Deposits Flashcards
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Read the first 6 CRLS Lease Administration & Security Deposits flashcards as text
What is a standard move-out checklist used for in residential leasing?
Answer: To systematically document the property's condition at move-out and compare it to move-in records
A move-out checklist provides an itemized record of the unit's condition at departure, which is compared to the move-in report to identify chargeable damages.
A tenant provides a 30-day notice to vacate but the lease requires 60 days. What can the landlord do?
Answer: Hold the tenant responsible for rent through the required 60-day notice period
The landlord can hold the tenant to the lease's notice requirement and collect rent for the full notice period specified in the agreement.
What is a 'cure or quit' notice?
Answer: A notice giving the tenant a chance to fix a lease violation or vacate the property
A cure or quit notice gives the tenant a specified timeframe to correct a lease violation (such as unauthorized pets) or face eviction proceedings.
When does a lease automatically convert to a month-to-month tenancy in most US states?
Answer: When both parties continue performing under the lease terms after the fixed term expires without signing a renewal
If both the landlord and tenant continue the rental relationship after a fixed lease expires without a new agreement, most states treat it as a month-to-month tenancy.
What information must an itemized security deposit deduction statement include?
Answer: A specific description of each deduction, the cost, and receipts or invoices where applicable
Most states require landlords to provide detailed itemization with descriptions, costs, and supporting documentation for each deduction from the security deposit.
Which federal law requires landlords to disclose lead-based paint hazards before a tenant signs a lease on a pre-1978 property?
Answer: The Residential Lead-Based Paint Hazard Reduction Act (Title X)
Title X requires landlords of pre-1978 housing to disclose known lead-based paint hazards and provide the EPA pamphlet before leasing.
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