Property Management
A tenant's right to 'quiet enjoyment' in Alabama means:
AThe landlord must prevent all noise in the building
BThe tenant has the right to peaceful possession and use of the property without interference from the landlord✓ Correct
CThe property must be in a quiet neighborhood
DThe landlord must provide soundproofing
Explanation
The covenant of quiet enjoyment guarantees the tenant the right to possess and use the property without interference or disturbance from the landlord or anyone claiming through the landlord.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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