Property Management
Under Rhode Island law, what is a 'notice to quit' in the eviction process?
AA notice from the tenant that they are leaving
BA formal written notice from the landlord to the tenant demanding they correct a lease violation or vacate the premises by a specified date✓ Correct
CA court judgment in favor of the landlord
DA notice from the DBR to a licensee to cease operations
Explanation
A notice to quit is the formal written notice required before a landlord can file for eviction in Rhode Island. It informs the tenant of the violation (non-payment, lease breach) and the deadline to cure or vacate.
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Key Terms to Know
Earnest Money
A 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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
Continuing Education
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