Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 1

What type of law governs leases in a rental agreement?

1. Contract Law and Employment Law

2. Landlord-Tenant Law and Fair Housing

3. Fair Credit and Building Code Regulations

4. Contract Law, Landlord-Tenant Law, Employment and Fair Housing

The correct answer is: Contract Law, Landlord-Tenant Law, Employment and Fair Housing

The correct answer focuses on the essential legal frameworks that govern leases in rental agreements. Both Contract Law and Landlord-Tenant Law play pivotal roles in this context. Contract Law is fundamental because a lease is, at its core, a contractual agreement between the landlord and tenant. It outlines the rights and obligations of both parties, such as rent payment, maintenance responsibilities, and the circumstances under which the lease can be terminated. Landlord-Tenant Law specifically addresses the legal relationship and rights of landlords and tenants. This body of law encompasses various aspects, including rules about security deposits, eviction procedures, and tenant rights concerning habitability and repairs. It ensures that both parties adhere to the necessary legal standards required in a landlord-tenant relationship. Including Employment Law, Fair Housing, and Building Code Regulations in the framework can imply additional layers of compliance and regulation affecting other aspects of housing, but when focusing specifically on the lease itself, the primary governing laws are Contract Law and Landlord-Tenant Law. Fair Housing laws ensure that discrimination does not occur in rental practices, while building codes relate to the safety and suitability of the physical structure, but they do not directly govern the lease agreement itself. Thus, the best combination that reflects the primary laws governing leases is the inclusion