Leasehold estates - Study guides, Class notes & Summaries

NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide Breach of Condition -Answer-Failure of landlord or tenant to perform his or her respective duties under the terms of the lease, thereby giving the other party grounds for terminating the lease agree...

Real Estate U Test Which of the following leasehold estates is open-ended, as it does not have a termination date? - CORRECT ANSWER Estate at will Which of the following types of easements is obtained by a squatter who uses another's property without the owner's permission - CORRECT ANSWER Easement by prescription In order to obtain an easement by prescription, for how many years must the property by used by the dominant tenement - CORRECT ANSWER 10 years Which of the follo...

Mississippi Real Estate Exam Latest Version Graded A+ Real versus personal property real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land immobility, indestructibility, and heterogeneity. Metes and Bounds describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectan...

TN Timeshare Salesperson – 1010 Latest Update Graded A Appurtenant A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement A legal easement can be created by any of the following EXCEPT definition within a deed. A license. A homeowner is willing to let his neighbor park an RV in his backyard. He does ...

MD Real Estate PSI National Exam 2 Latest Update Graded A+ A person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenants to see if they want to allow the handicapped person a parking space. must give a parking space near the door to the handicapped ...

Appurtenant correct answer: A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement A legal easement can be created by any of the following EXCEPT correct answer: definition within a deed. A license. correct answer: A homeowner is willing to let his neighbor park an RV in his backyard. He does NO...

Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? - Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - Writ of execution What type of map is MOST useful for describing the terrain of a very hilly lot? - Contour map A tenant rented an apartment, signing a 15-month lease....

Ct Real Estate Practice exam general questions with 100% correct answers Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? - Correct Answer ️️ -Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - Correct Answer ️️ -Writ of execution What type of map is MOST usef...

REAL 4000 UGA Dietz Final Exam | Latest Update | 2024/2025 | 100% Verified What is investment value in real estate? Investment value refers to the value of a property to a particular investor based on individual investment criteria and objectives. What is the purpose of a property tax assessment? A property tax assessment determines the value of a property for the purpose of calculating property taxes. What is a capitalization rate? The capitalization rate is used to estimate...

Define 'Estate' CORRECT ANSWER An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? CORRECT ANSWER Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? CORRECT ANSWER Air rights What type of rights would be required to build on a parcel of land? CORRECT ANSWER Surface (or ground level) rights What type of rights manage the property owner's access to an...