Periodic tenancy - Study guides, Class notes & Summaries

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...

Sales General Exam - Stringham Real Estate School Questions With 100% Verified Answers. A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance - answerc) Spot Zoning Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they would have...

What are the Three Types of Leasehold Estates? 1. Term of Years 2. Periodic Tenancy 3. Tenancy at Will What is a Term of Years? A lease that is set for some fixed period of time, and does not require a notice of termination. On October 1, Landlord leases Blackacre "to Tenant for one year, beginning October 1." On September 30th of the following year, Tenant moves out without giving Landlord any notice. What are Landlord's rights? None, Tenant wasn't required to give...

Bundle of rights - ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - ANSWER-Full ownership of property + bundle of rights Equitable Title - ANSWER-Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - ANSWER-Rights to principal residence Fee simple - ANSWER-Highest form of ownership interest - no...

MO REAL ESTATE EXAM SMART EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Under a Listing agreement, who would be the client? The Salesperson The broker The Seller They Buyer - -The Seller A property was sold by a foreclosure sale. The sale did not produce enough money to satisfy all the debts on the property. What could the creditor who weren't paid now file? A deed in lieu of foreclosure An estoppel certificate A deficiency judgement A blanket Mortgage - -A deficien...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ans Periodic tenancy Physical land and everything attached to it is called - ans Real Estate Equipment a tenant installs for use in his or her business is called - ans Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighbor...

Hawaii Real Estate Review Quiz 2 Guaranteed Success Under a net lease, a tenant is least likely to pay A) Taxes B) Utilities C) Insurance D) Mortgage amortization ️D) Mortgage amortization A recapture clause is usually used in what type of lease A) Net Lease B) Gross Lease C) Percentage Lease D) Business Lease ️C) Percentage Lease Under Hawaii's Land Use Code, land is classified into Urban, Agricultural, and Rural and A) Commercial B) Industrail C) Conservation ...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ans Periodic tenancy Physical land and everything attached to it is called - ans Real Estate Equipment a tenant installs for use in his or her business is called - ans Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhoo...

What is a tax allocation district? A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the property his...