Tenants improvements - Study guides, Class notes & Summaries

Lenders require a borrower to establish and maintain a reserve fund to ______. - ANSWER Pay any property taxes in case the borrower misses a payment Brandon recently purchased an old warehouse building. This building will serve as a hub for local deliveries of fruits and vegetables within the state. During its first week in operation, one of the delivery drivers was involved in an accident that spilled coconuts all over the road and shut down the interstate for hours. What type of risk is th...

Accession - Answer The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - Answer A measure of land area equal to 43560 square feet. 43560 - Answer The number of squarefeet in one acre. Active License - Answer Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather ...

1 NATIONAL REAL ESTATE EXAM PORTION FOR OHIO/ REVIEW QUESTIONS AND ANSWERS, GRADED A+ Tenancy at Will - -No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - -Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - -Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ...

The term "fee simple estate" refers to which of the following? A. An estate that is leased; with no percentage rents. B. An estate that is leased at a set fee. C. An estate that is not subject to any leases. D. An estate that is owned by only one person. - C. An estate that is not subject to any leases. In _______ the tenants holds a leasehold interest in the land and owns the improvements until the land lease expires. - land lease ______ can be valued as the present value of the lea...

REE 3433 Exam 2 Questions with Correct Answers A life tenant who makes improvements on leased property which are considered fixtures generally (under common law) has a right to remove them within a reasonable period of time after terminating the life estate. - Answer true Which of the following has "double" taxation? - Answer a "C" corporation. A real estate contract can successfully be avoided when: a. there is a mutual mistake by seller and buyer. court rules that the seller w...

Identify 3 classes of property insured by commercial property insurance policies - CORRECT ANSWER-Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each - CORRECT ANSWER-Scheduled coverage: only that property specifically identified or scheduled on the policy is insured All Property (formerly POED) a single limit of insurance is provided for building, stock, and equipment. Scheduled Coverage - CORRECT ANSWER-refers to the policy on wh...

Cheat Sheet - Property & Casualty Exam | Questions & 100% Correct Answers (Verified) | Latest Update | GradeA+ What are the forms of homeowner policies? Correct Answer: HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 Correct Answer: Broad form; owner occupant HO-3 Correct Answer: Special Form; owne...

Scheduled Coverage o :# refers to policy on which coverage is provided only on that property which is specifically identified or scheduled. All Property o :# refers to policy used to insure building, stock and equipment under a single limit of insurance. Tenants Improvements o :# building improvements, alterations and betterments made at the expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, provided the insured is not t...

Argus Exam Questions with Complete Solutions Which section in the navigation pane allows users to update a variety of different settings ranging from managing users to data import validation rules to report settings - Answer-control panel Which of the portfolio application tabs is best described: this application allows users to create and view analytical charts and graphs based on a combo of properties from the portfolios - Answer-analysis Modeling policies - Answer-will allow a user to ...

Property Management Latest Update with Certified Solutions Cash Flow Report the single most important financial report. A financial report showing the property's net operating income minus all additional disbursements such as debt service and capital improvements and the amount remitted to the owner. Cash flow An item in a property's financial operating reports that represents the net operating income minus all additional disbursements such as debt service and capital improvements. Anticipate...