Property Management
Under the VRLTA, the minimum notice required for a landlord to enter a tenant's unit for non-emergency repairs is:
A12 hours
B24 hours✓ Correct
C48 hours
D72 hours
Explanation
The VRLTA requires a landlord to give at least 24 hours' notice before entering a dwelling unit for non-emergency repairs or inspections, and entry must occur at reasonable times.
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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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