Property Ownership
The covenant of quiet enjoyment in a lease guarantees that:
AThe property will be noise-free
BThe tenant's lawful possession will not be disturbed by the landlord or third parties claiming superior title✓ Correct
CThe landlord will provide a peaceful living environment
DNeighbors will not make excessive noise
Explanation
The covenant of quiet enjoyment is the landlord's promise that the tenant will have undisturbed possession of the premises — protected from interference by the landlord or anyone claiming a superior title 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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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