100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Bermuda Real Estate QUESTIONS & ANSWERS(2024 LATEST UPDATE) $13.49   Add to cart

Exam (elaborations)

Bermuda Real Estate QUESTIONS & ANSWERS(2024 LATEST UPDATE)

 9 views  0 purchase
  • Course
  • Bermuda Real Estate
  • Institution
  • Bermuda Real Estate

Defect/Cloud in the title - ANSWER Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - ANSWER Has no specific expiration but the length is specified (like a month to month lease) Net Lease - ANSWER lease in which the ten...

[Show more]

Preview 3 out of 26  pages

  • August 10, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • bermuda real estate
  • Bermuda Real Estate
  • Bermuda Real Estate
avatar-seller
shantelleG
Bermuda Real Estate
QUESTIONS &
ANSWERS(2024 LATEST
UPDATE)
Defect/Cloud in the title - ANSWER Conflicting claims that prevent the absolute legal conveyance of
CLEAR TITLE



Period to Period is a type of leasehold that: - ANSWER Has no specific expiration but the length is
specified (like a month to month lease)



Net Lease - ANSWER lease in which the tenant pays some or all of the operating expenses of the
property in addition to rent. Often commercial.



Adverse Possession - ANSWER A person takes possession & use of a property belonging to another.
Possession must be open, notorious, hostile & uninterrupted for a certain period of time.



Estoppel - ANSWER Legal bar that prevents contradictions. Often a document that 'stops' prevents
people from contradicting earlier agreements or statements



Conformity appraisal method - ANSWER Orchard in the midst of a housing development



Anticipation value - ANSWER Valued on future income.

,nonrecourse loan - ANSWER a loan that carries neither a penalty nor further obligation to repay if not
paid back



Government Rectangular Survey System - ANSWER



Land (Definition) - ANSWER immobility, permanence, uniqueness, indestructablity



Annexation - ANSWER term by attachment becomes real property



Severance - ANSWER term by separating a fixture from real property becomes personal property



Monument - ANSWER landmark natural or stake to mark a boundry



Joint Tenancy - ANSWER A form of co-ownership that includes the right of survivorship. EQUAL



foreshore encroachments - ANSWER docks



foreshore lease - ANSWER 21 years



Non-conforming use - ANSWER Use after a zoning change - grandfathered (BEFORE ZONING)



Variance - ANSWER Added after zoning in place - granted (AFTER ZONING)



Conditional use - ANSWER permitted use that can be revoked



Spot zoning - ANSWER a change in the zoning ordinance for a particular area



buffer zone - ANSWER new industrial park and zone space between

, Special assessment - ANSWER Tax only on property directly benefiting from an improvement



Constructive Notice - ANSWER Notice given by recorded documents. Revealed in Due Diligence search.



Escalator Clause Lease - ANSWER



Actual Notice - ANSWER Personally given to somebody/ signed for



Priority of Liens - ANSWER Based on time or date of recording



Equitable liens - ANSWER Court order



Fee Simple Absolute - ANSWER No conditions on use or transfer



alienation of title - ANSWER A change of ownership. May be voluntary (sold the property) or involuntary
(foreclosure sale).



testate - ANSWER having a will



Intestate Succession - ANSWER the method used to distribute property owned by a person who dies
without a valid will



nuncupative will - ANSWER an oral will



Holographic Will - ANSWER A will written entirely by the testator with his own hand.



devise - ANSWER real property disposed of in a will

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller shantelleG. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78998 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart