REI 4413 1st EditionFinal Exam Study Guide• Chapter 11• An estate for years may be converted, at its conclusion, into a periodic tenancy. TRUE• A tenant at sufferance has no right or permission to be on the property, but is still not a trespasser since his original entry onto the property was legal. TRUE• 3. A tester, who seeks to uncover illegal renting practices under the Fair Housing Act, may collect money damages even though he did not intend to actually rent the premises. TRUE• 4. If a lease expressly prohibits assignment by the tenant, the tenant cannot sublet the property. FALSE• 5. A lease is not only a contract but also conveys a property interest to the lessee. TRUE• 6. The Statute of Frauds in most states requires leases to be in writing only if they are for more than one year. TRUE• 7. A lease legally required to be in writing must specify the rent.TRUE• 8. A lease legally required to be in writing must include a provision stating who has the duty to keep the property repaired. FALSE• 9. Because a lease conveys to a tenant the exclusive right to possess the premises, a landlord needs the tenant’s permission to enter. TRUE• 10. In most states, a tenant whose business becomes unprofitable as the result of governmental action may cancel the lease. FALSE• 1. A deed is a written or oral conveyance of real estate from one party to another. • FALSE•• 2. From the buyer’s perspective, it would be preferable to have a special warranty over a general warranty deed. • FALSE• • 3.Jeremy gives Mike a quitclaim deed to the Empire State Building. Since Jeremy does not really own any property interest in the building, Mike could sue him for rescission and damages. • FALSE• 4. A deed must include the addresses of the grantor and grantee. These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.• FALSE• 5. The habendum clause states what interest in land is being conveyed to the grantee. • TRUE• 6. An exception is something taken back from the grant of real estate while a reservation is somepart of the estate which is not granted. • FALSE• 7. Generally, courts are not concerned with the adequacy of consideration stated in a deed. • TRUE• 8. An acknowledgment made by a notary of the grantor’s and the witnesses’ signatures is not required to make a deed legally valid. • TRUE• 9. A will that has been properly executed is effective upon delivery to the beneficiaries during the testator's life. • FALSE• 10. The tax on proceeds from the sale of real estate is sometimes deferred. • TRUE• 11. A holographic will is one approved by a religious institution. • FALSE• 12. Dower and homestead laws insure that a wife will have a home during the life of her husband. •