Tenancies - Study guides, Revision notes & Summaries

CONTENTS OF A LEASE 4 RENT Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly or quarterly rent Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will reserve only a nominal rent Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...

CRE Prep xL Exam Prep Questions: Ownership, Estates, and Tenancies: Questions and answers, rated A+ If A, B, and C held property in joint tenancy, and C transferred his share to X, then the property would be owned: - -One-third each by A and B as joint tenants, and one-third by X as a tenant in common. A syndication is best defined as: - -A syndication is not a form of ownership but a means for investors to pool their investments to purchase property together. Dedication is best defin...

Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Al...

RECA Exam| 200+ Actual Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Under the Residential Tenancies Act, when can a landlord enter a tenant's leased premises without consent or notice? A) When a fire alarm has sounded and the fire department requires access to all of the units to check for the source of the fire B) When the landlord has not seen the tenant or received rent in 2 months and newspapers are collecting at the front door of the premises C) When water is leaking in...

Maryland Real Estate Question and answers 100% correct 2024 Maryland Real Estate Prescriptive Easement (meet or exceed the requirement in MD) - correct answer 25 Years' continuous use. Tenancy by the Entirety - correct answer Does NOT continue after the death of one of the owners. Sales person license fee - correct answer $110.00 (renewal $90.00) What tenancies does Maryland allow? - correct answer Tenancy by the entirety. Cooperating Agent - correct answer CANNOT repre...

In Idaho, a written notice is required before rent can be increased. On all periodic tenancies, the written notice must be given prior to the date the rent increase is to become effective and at least how many days before the end of the term? The landlord must give 15 days' written notice on all periodic tenancies. A landlord has had a substantial increase in property taxes. The written lease agreement is for six months. There are four months left on the lease term. Which of the following st...

National Real Estate Exam - Guide to Pearson Vue Book Latest Update Graded A+ The phrase definite duration refers to: An estate for years A lease that automatically renews itself, in the absence of notice, is: A periodic tenancy A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 $66,666 A requirement of a valid deed is that the deed be: Signed by the grantor To locate buyers for other properties, a broker advert...

Private Investigators conduct investigations in order to provide what type of information? 1) The character or actions of a person 2) The business of occupation of a person. 3) The whereabouts of persons or property 4) All of the above - ANSWER 4) All of the above A security guard performing concierge duties may require which of the following additional, knowledge, skills, and abilities? 1) Knowledge of the Residential Tenancies Act 2) Knowledge of the Trespass to Proper...

OCI Architect 2024 Associate [1Z0-1072-21] - Practice Exam You want users of the NetworkAdmin group to manage a cloud network in any compartment of a tenancy. What must you allow the NetworkAdmin group to do? A. Manage instance-family in compartment ABC. B. Use virtual-network-family in compartment XYZ. C. Manage network-catalog-listing in tenancy. D. Manage virtual-network-family in tenancy. -Answer-D Which Object Storage tier would you use for data that you need to access quickly, imme...

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...