Texas Real Estate Test |Questions and 100% Correct Answers
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Course
Texas Real estate
Institution
Texas Real Estate
Tenant Improvement Allowance - Answer Agreement from the landlord to compensate
the tenant for all of a portion of the funds required to construct the commercial space
Abandonment - Answer Release and responsibility and/ or ownership
Assignment - Answer Giving responsibility and/ or ownership to...
Texas Real Estate Test |Questions and 100%
Correct Answers
Tenant Improvement Allowance - Answer Agreement from the landlord to compensate
the tenant for all of a portion of the funds required to construct the commercial space
Abandonment - Answer Release and responsibility and/ or ownership
Assignment - Answer Giving responsibility and/ or ownership to another
Surrender - Answer Release of responsibility and/ or ownership
Constructive Eviction - Answer Landlord either does something or fails to do something
that he has a legal duty to provide
Estoppel Statement - Answer Signed statement by a party certifying for another's
benefit that certain facts are correct. It defines each party's responsibilities in a
commercial lease
Deeds - Answer Evidence of transfer
A Quitclaim Deed - Answer Immediate transfer of ownership
Warranty Deed - Answer Grantor guarantees that he or she holds clear title and has a
right to sell
Special Warranty Deed - Answer Guarantees clear title for the duration of the property
,General Warranty Deed - Answer Guarantees clear title for the life of the property
Title - Answer Ownership
Legal Title - Answer Right to sell
Equitable Title - Answer Right of possession and the right to gain equity
Chain of Title - Answer History of ownership, conveyance, and encumbrances
Abstract of Title - Answer Summary of Title
Cloud on Title - Answer Defect in the title (ex. Single woman gets married)
A Quiet Title Action - Answer Removes the cloud on title
Alienation of Title - Answer Voluntary act of an owner disposing of the property
Title Insurance - Answer Insures against defects in title to real property
Severalty - Answer Sole ownership
Concurrent Estate - Answer More than one person owns
, Joint Tenancy - Answer Unity of time, title, interest, and possession TTIP. Has right of
survivorship
Tenancy in Common - Answer Unity of possession, no right of survivorship
Encumbrances - Answer Anything that limits the property
Easement - Answer The right to cross another person's land
Dominant Tenement - Answer The property with the right of crossing
Servient Tenement - Answer The property that is being crossed, the property that is
encumbered. They can not revoke the easement
Easement by Prescription - Answer Implied easements granted after the dominant
estate has used the property in a hostile, continuous, and open manner for a statutorily
prescribed number of years
Appurtenant Easement - Answer Easement that transfer with the transfer of title
Easement in Gross - Answer No dominant tenement
Government Powers - Answer PETE - Police Power, Escheat, Taxation, Eminent Domain
Police Power - Answer Regulations implemented for public health, safety, and general
welfare
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