Reliction - Study guides, Class notes & Summaries

gross lease ~ tenant pays a fixed rent, and the landlord pays all taxes, insurance, repairs, utilities, and maintenance connected with the property constructive eviction ~ Actions of a landlord that so materially disturb or impair a tenant's enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease without liability for any further rent physical deterioration ~ reduction in a property's value resulting from a decline in physical co...

California Real Estate Exam Questions and Answers 100% Pass In reference to Property Taxes, "basis" or "cost" is Purchase price of prop plus cost of improvements. How is a condominium unit owned? Separate interest How are common interests in a condo owned? Equally in undivided interest Subdivided Land Laws refer to Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided L...

REAL ESTATE ( AZ SPECIFIC ) EXAM QUESTIONS AND ANSWERS Arizona property taxes are based on: - Answer- Assessed value The tax rate applied to owner occupied residential property is: - Answer- 10 % What lien has priority first: - Answer- Property taxes Property taxes become a lien the first day of: - Answer- January If a property is not bid at a tax foreclosure sale: - Answer- Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Speci...

"Barriers Free" Addition to ADA in 1991 - -any building built from 1991 onward had to be built barrier free -must make accommodations for tenants of single family residential homes at the tenants expense -landlords can require money up front, as well as monies for restorations (apartments must also comply) 1866 Civil Rights Act - -prohibits discrimination on the basis of race only -has no exceptions/exemptions to the rule 1968 Federal Fair Housing Act - -shall not discriminate on the bas...

In reference to Property Taxes, "basis" or "cost" is Purchase price of prop plus cost of improvements. How is a condominium unit owned? Separate interest How are common interests in a condo owned? Equally in undivided interest Subdivided Land Laws refer to Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? 5 Years When does a tax year r...

Tenements all of the rights and interests that go with the land hereditaments land and all of the tenements that can be inherited appurtenance a right interest of privilege that goes with the land (item in the bundle) accretion a gradual process in which the boundary of riparian land is extended by natural forces reliction the permanent receding of the water which leaves the ground under it dry and exposed erosion a natural process in which the flow or movement of water gradually ...

Personal property may become real property by the process of: a. devise. b. reliction. c. attachment. d. alienation. C. Attachment If a property generates a negative cash flow, in order to be an attractive investment to a prospective purchaser: a. there must be a substantial down payment. b. there must be a large depreciable base. c. there must be a substantial increase in

Superior Real Estate School Exam QuestioAll of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - ANSWER D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the ...

In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Separate interest How are common interests in a condo owned? - Equally in undivided interest Subdivided Land Laws refer to - Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? - 5 Years When does a tax year...

Florida Real Estate - Chapter 8 - Property Rights Questions and Answers 100% Pass Real property - Correct Answer ️️ -includes all real estate plus the bundle of rights inherent in the ownership. * term interchangeable with real estate. riparian rights - Correct Answer ️️ -associated with land abutting a flowing waterway such as stream. property owner does not own stream, but has right to use it for fishing or boating littoral rights - Correct Answer ️️ -land abutting tidal bod...