A 'warranty of habitability' implied in NC residential leases means the landlord warrants that:
Why The rental unit is fit for human habitation at the inception of the tenancy and will remain so during the lease Is Correct
Answer B: The rental unit is fit for human habitation at the inception of the tenancy and will remain so during the lease
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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