Hold over tenant - Study guides, Class notes & Summaries

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

Types of Tenancies correct answer: For Years - has a start date and an end date. If the lease starts on a day and is for a period of time, its one of these. Periodic - Can't have start and end date. "Month to month", so period-to-period. Not real common to be tested, but you want to say at end of tenancy for years, if there is a hold over tenant, the landlord can bind tenant to periodic tenancy. At Will - exactly what name denotes, can be cancelled at any time by either party. Terminates o...

What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the premises. Anyon...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

National Real Estate Exam PortiTenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ANSWER 2 or more people own equal rig...

Utah LEO Study Questions and Answers Already Passed What is a Civil Dispute? A conflict between two or more parties where no crime is occurred. What is a Summons? Call issued by a court to appear, come, or do something. Who can be Summoned? Defendant to appear in court, and person to appear in court as jury or witness. Writs is Replevin? An order or writ issued to recover an item of personal property. What is Attachment and Garnishment? - An order to withhold non-exempt person...

SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ how often do realtors renew licenses - -every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - -8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - -1 yr can a broker in charge be over move than 1 branch office at a time - -yes broker in charge, receives earnest money at start o acceptance/written acceptance offer, ...

Unit 30 Questions with complete solution 2024 Unit 30: Leasing Real Estate in Maryland Deposit security deposit in escrow after beginning of lease - correct answer 30 days must record the lease - correct answer 7 years return remaining security deposit to tenant at end of lease - correct answer 45 days maximum residential security deposit - correct answer 2 months rent interest paid on security deposits - correct answer as low as 1.5% A seller who remains in occupanc...

Assessor The government official responsible for administrating the property tax system and for Establishing value for ad valorem tax purposes Requirements of the assessor Discovery , listing and valuation Discovery Location of all taxable property Listing Creating an inventory of the quantity, quality and important characteristics of all taxable property Valuation An estimate of the actual or market value of all taxable property Property tax Primary sour...

CHAPTER 10 Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Brainpower Read More Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have in real...