If Leased Property Is Condemned, Whether or Not the Tenant

question 46

Multiple Choice

If leased property is condemned, whether or not the tenant will be compensated depends upon

• A) state law.
• B) the terms of the lease.
• C) the goodwill of the landlord.
• D) none of these.

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Definitions:

Satisfactory Solution

An outcome or resolution to a problem that meets the requirements or expectations to an acceptable level.

Competence

The quality of being competent; adequacy; possession of required skill, knowledge, qualification, or capacity.

Required Skill

A specific ability or expertise necessary to perform a job or task effectively.

Knowledge

Knowledge encompasses facts, information, and skills acquired through experience or education; the understanding of a subject.