Mf4. 12. If the tenant claims bankruptcy, then the landlord is entitled to exercise a few options. Based on thelease agreement, which of the following is FALSE?(1) The landlord can terminate the lease.(2) The landlord cannot claim any rights or remedies provided by any statute or rule of law that arenot contemplated by the lease agreement.(3) The landlord is entitled to retain any rent, security deposits, or monies obtained from the tenant.(4) The landlord is entitled to make three months' rent immediately due and payable.13. Assume that the premises were destroyed by fire and cannot be repaired, restored, or rebuilt withinone year of the fire. Based on the lease agreement, which of the following is FALSE?(1) Rent shall not be apportioned in any manner.(2) Upon proper notice, the landlord can terminate the contract.(3) Upon proper notice of termination, the tenant must surrender the premises.(4) Upon proper notice, the tenant can terminate the contract.14. Which of the following statements regarding the landlord's right of entry and re-entry is FALSE?(1) The landlord may enter the premises and place "for rent" or "for sale" signs on the premises atany time during the lease.(2) The landlord may forcibly enter the premises when the tenant is unable to permit entry into thepremises during an emergency.(3) The tenant shall permit entry into the premises during an excavation of a neighboring propertyto allow the landlord to safeguard the walls of the premises from damage.(4) The landlord may enter the premises to perform any covenant in the lease (excluding thepayment of rent) on the tenant's behalf that has been in default for 10 days.THE NEXT FIVE (5) QUESTIONS ARE BASED ON SAMPLE LEASE 2: OFFICE BUILDING:15. Which of the following statements regarding rent is TRUE?(1) The tenant pays basic rent only.(2) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated to theoffice portion of the building, only.(3) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated tothe office portion of the building, plus the cost of additional services described in the lease, plustenant's taxes and other charges described in the lease, only.(4) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated to theoffice portion of the building, plus the cost of additional services described in the lease, only.16. Which one of the following statements is TRUE with respect to Section 3.4, Operating Costs?(1) The responsibilities outlined with respect to the payment of the operating costs are typical of a"gross" or "partial gross" lease agreement.(2) After each fiscal period, the landlord will calculate the portion of the operating costs attributableto the tenant, who will then have 60 days to pay the landlord.(3) Operating costs are broken down by the landlord into fixed, variable, and multiple costs.(4) The tenant is only responsible for the proportionate share of the operating costs, which ingeneral is calculated by dividing the square footage of the premises by the square footage of theaggregate rentable area, excluding storage areas, of the building.

Question

Mf4. 12. If the tenant claims bankruptcy, then the landlord is entitled to exercise a few options. Based on thelease agreement, which of the following is FALSE?(1) The landlord can terminate the lease.(2) The landlord cannot claim any rights or remedies provided by any statute or rule of law that arenot contemplated by the lease agreement.(3) The landlord is entitled to retain any rent, security deposits, or monies obtained from the tenant.(4) The landlord is entitled to make three months' rent immediately due and payable.13. Assume that the premises were destroyed by fire and cannot be repaired, restored, or rebuilt withinone year of the fire. Based on the lease agreement, which of the following is FALSE?(1) Rent shall not be apportioned in any manner.(2) Upon proper notice, the landlord can terminate the contract.(3) Upon proper notice of termination, the tenant must surrender the premises.(4) Upon proper notice, the tenant can terminate the contract.14. Which of the following statements regarding the landlord's right of entry and re-entry is FALSE?(1) The landlord may enter the premises and place &#34;for rent&#34; or &#34;for sale&#34; signs on the premises atany time during the lease.(2) The landlord may forcibly enter the premises when the tenant is unable to permit entry into thepremises during an emergency.(3) The tenant shall permit entry into the premises during an excavation of a neighboring propertyto allow the landlord to safeguard the walls of the premises from damage.(4) The landlord may enter the premises to perform any covenant in the lease (excluding thepayment of rent) on the tenant's behalf that has been in default for 10 days.THE NEXT FIVE (5) QUESTIONS ARE BASED ON SAMPLE LEASE 2: OFFICE BUILDING:15. Which of the following statements regarding rent is TRUE?(1) The tenant pays basic rent only.(2) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated to theoffice portion of the building, only.(3) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated tothe office portion of the building, plus the cost of additional services described in the lease, plustenant's taxes and other charges described in the lease, only.(4) The tenant pays basic rent, plus proportionate share of taxes and operating costs allocated to theoffice portion of the building, plus the cost of additional services described in the lease, only.16. Which one of the following statements is TRUE with respect to Section 3.4, Operating Costs?(1) The responsibilities outlined with respect to the payment of the operating costs are typical of a&#34;gross&#34; or &#34;partial gross&#34; lease agreement.(2) After each fiscal period, the landlord will calculate the portion of the operating costs attributableto the tenant, who will then have 60 days to pay the landlord.(3) Operating costs are broken down by the landlord into fixed, variable, and multiple costs.(4) The tenant is only responsible for the proportionate share of the operating costs, which ingeneral is calculated by dividing the square footage of the premises by the square footage of theaggregate rentable area, excluding storage areas, of the building.

Accepted Answer

There has been always a relationship between landlord and tenant and with the relation there comes…