Contracts
A Missouri lease's 'quiet enjoyment' covenant guarantees the tenant:
AA noise-free environment
BThe right to occupy the premises without interference from the landlord or third parties with superior title✓ Correct
CThat the property will be maintained in perfect condition
DThat all neighbors must be quiet
Explanation
The covenant of quiet enjoyment guarantees the tenant's right to undisturbed use and possession of the leased premises, free from interference by the landlord or parties with superior title.
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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.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
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.
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