Texas Real Estate Test |Questions and 100% Correct Answers
4 views 0 purchase
Course
Texas Real estate
Institution
Texas Real Estate
Tenant Improvement Allowance - Answer Agreement from the landlord to compensate
the tenant for all of a portion of the funds required to construct the commercial space
Abandonment - Answer Release and responsibility and/ or ownership
Assignment - Answer Giving responsibility and/ or ownership to...
Texas Real Estate Test |Questions and 100%
Correct Answers
Tenant Improvement Allowance - Answer Agreement from the landlord to compensate
the tenant for all of a portion of the funds required to construct the commercial space
Abandonment - Answer Release and responsibility and/ or ownership
Assignment - Answer Giving responsibility and/ or ownership to another
Surrender - Answer Release of responsibility and/ or ownership
Constructive Eviction - Answer Landlord either does something or fails to do something
that he has a legal duty to provide
Estoppel Statement - Answer Signed statement by a party certifying for another's
benefit that certain facts are correct. It defines each party's responsibilities in a
commercial lease
Deeds - Answer Evidence of transfer
A Quitclaim Deed - Answer Immediate transfer of ownership
Warranty Deed - Answer Grantor guarantees that he or she holds clear title and has a
right to sell
Special Warranty Deed - Answer Guarantees clear title for the duration of the property
,General Warranty Deed - Answer Guarantees clear title for the life of the property
Title - Answer Ownership
Legal Title - Answer Right to sell
Equitable Title - Answer Right of possession and the right to gain equity
Chain of Title - Answer History of ownership, conveyance, and encumbrances
Abstract of Title - Answer Summary of Title
Cloud on Title - Answer Defect in the title (ex. Single woman gets married)
A Quiet Title Action - Answer Removes the cloud on title
Alienation of Title - Answer Voluntary act of an owner disposing of the property
Title Insurance - Answer Insures against defects in title to real property
Severalty - Answer Sole ownership
Concurrent Estate - Answer More than one person owns
, Joint Tenancy - Answer Unity of time, title, interest, and possession TTIP. Has right of
survivorship
Tenancy in Common - Answer Unity of possession, no right of survivorship
Encumbrances - Answer Anything that limits the property
Easement - Answer The right to cross another person's land
Dominant Tenement - Answer The property with the right of crossing
Servient Tenement - Answer The property that is being crossed, the property that is
encumbered. They can not revoke the easement
Easement by Prescription - Answer Implied easements granted after the dominant
estate has used the property in a hostile, continuous, and open manner for a statutorily
prescribed number of years
Appurtenant Easement - Answer Easement that transfer with the transfer of title
Easement in Gross - Answer No dominant tenement
Government Powers - Answer PETE - Police Power, Escheat, Taxation, Eminent Domain
Police Power - Answer Regulations implemented for public health, safety, and general
welfare
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
