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:

National Priority List

A list in the United States under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) identifying hazardous waste sites eligible for long-term remedial action financed under the federal Superfund program.

Federal Insecticide, Fungicide, and Rodenticide Act

A United States law that regulates the distribution, sale, and use of pesticides to protect human health and the environment.

Pesticide Residue

The traces of chemicals that remain on or in crops, fruits, vegetables, and soil after pesticide application, which can pose health risks.

Clean Water Act

U.S. federal law that regulates the discharge of pollutants into the nation's surface waters, including lakes, rivers, streams, and coastal areas.