Tenants improvement - Study guides, Class notes & Summaries

REAL ESTATE 2023 VERIFIED ANSWERS Real Estate Broker ️a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson ️a person who peforms real estate activities while associated with a licensed real estate broker. licensee ️a person holding a valid real estate license appraiser ️a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector ️A ...

Smart Exam Questions & Answers 2023/2024 A cooperative would take title to property under which of the following categories? - ANSWER-C) A cooperative is a corporation, therefore being one entity and taking title in severalty. (A) Tenants in common, (B) joint tenancy and (D) Tenancy in the entireties are all forms of concurrent ownership, that is, ownership involving more than one person or entity. Which of the following is true regarding a condominium? - ANSWER-(C) In a condominium, the...

Scheduled Coverage - correct answer refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - correct answer refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement - correct answer building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, pr...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

AAAE CM, Module 1EXAM QUESTIONS AND VERIFIED SOLUTIONS 2023/2024 How did the railroads start commercial aviation? - ANSWER The railroad i dustry accused the government of creating a monopoly on carrying mail (by air) and convinced Congressman Clyde Kelly to sponsor the Air Mail Act of 1925. Authorizing the US govt. to contract airmail routes to private companies. What was the significance of the Air Commerce Act? - ANSWER It was the birth of commercial aviation. It created the new Ae...

CAIB 2 -Terms and Definitions Questions with correct AnswersScheduled Coverage - Answer- refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - Answer- refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement - Answer- building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which ar...

Encumbrances : Any claim against the property that may diminish its value Easement : An incorporeal right help by one party to make use of the land of another for a limited purpose Liens : A legal right to place a claim or encumbrance on property or have it sold for payment of a debt Encroachment : To advance upon, or trespass upon the property of another as in the extension of some improvement or object access the boundary of a neighboring tract Property tax : Taxes levied by the...

AAAE CM, Module 1 Exam Questions and Answers How did the railroads start commercial aviation? - Answer ️️ -The railroad i dustry accused the government of creating a monopoly on carrying mail (by air) and convinced Congressman Clyde Kelly to sponsor the Air Mail Act of 1925. Authorizing the US govt. to contract airmail routes to private companies. What was the significance of the Air Commerce Act? - Answer ️️ -It was the birth of commercial aviation. It created the new Aeronautics ...

Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - Answer- best indicator of value for existing properties highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself principle of contribution - Answer- suggests the...

limited partnership - A partnership composed of general and limited partners whose contribution and liability are limited and specifically defined joint tenancy - a form of co-ownership between two or more persons of an interest in real property whereby such persons own the interest together and each person has exactly the same rights in that interest as his co-tenants. Joint tenancy is created by the act of the parties. The key is the right of survivorship. easement in necessity - Arises ...