Illinois Leasing Agent Practice Exam

Which circumstance does not impact the status of a tenant's lease agreement?

1. Property is sold to a new owner

2. Tenant files for bankruptcy

3. Tenant voluntarily vacates the property

4. Tenant subleases their apartment

The correct answer is: Tenant voluntarily vacates the property

The circumstance where a tenant voluntarily vacates the property does not impact the status of a tenant's lease agreement because it is an action taken by the tenant that directly influences their own standing. When a tenant decides to vacate, they are typically terminating their lease agreement as they choose to leave the property. This decision removes them from the agreement entirely, rather than altering its terms or conditions in relation to the landlord or the property management. In contrast, selling the property to a new owner may affect the lease if the new owner chooses not to honor the existing terms, tenant bankruptcy can complicate lease obligations, and subleasing introduces additional parties and terms that could potentially change the way the lease functions. Each of these situations directly modifies the existing lease's status or implications for both the tenant and the landlord. However, a voluntary vacancy results in a termination of the lease, making it a clear-cut action that ends the tenant's involvement.