Property Management
The implied warranty of habitability requires a landlord to:
AGuarantee the tenant will be comfortable and happy
BMaintain the rental unit in a safe, sanitary, and livable condition✓ Correct
CMake all repairs requested by the tenant within 24 hours
DProvide modern appliances and fixtures
Explanation
The implied warranty of habitability requires landlords to maintain rental units in a condition fit for human habitation — complying with housing codes, maintaining structural safety, and providing essential services (heat, plumbing, electricity). This right cannot be waived by the tenant.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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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