Under Which of the Following Circumstances Would a Landlord Be

question 14

Multiple Choice

Under which of the following circumstances would a landlord be permitted to enter the leased property during the term of a lease?

• A) The landlord is allowed to enter the leased property only in emergency situations.
• B) The landlord is allowed to enter the leased property in an emergency, when the tenant have given permission to make repairs, or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
• C) The landlord is allowed to enter the leased property in an emergency, when the tenant have given permission to make repairs, with a certified contractor for the purpose of refurbishing the property, or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
• D) The landlord is allowed to enter the leased property in an emergency or with a certified contractor to make necessary repairs.
• E) A lease cannot exclude a landlord from having access to the property during the term of the lease.

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Definitions:

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned on the right side of an accounting ledger.

Predetermined Overhead Rate

A rate calculated before a period begins, used to apply manufacturing overhead costs to products based on a relevant activity, such as machine hours or labor hours.

Underapplied

Describes a situation where the allocated overhead costs in accounting are less than the actual overhead costs incurred.

Overapplied

A scenario in which the overhead cost assigned to manufacturing exceeds the overhead that was actually incurred.