Leasehold estates - Study guides, Class notes & Summaries

Fee Simple Estate - ANSWER An estate only limited by government; no other restrictions of ownership Fee Simple Estate - ANSWER also called indefeasible fee estate Freehold estates - ANSWER All fee estates are Qualified fee estate - ANSWER A fee estate that is subject to limitations other than gov't Qualified Fee estate - ANSWER also called fee simple estate Fee Simple Determinable - ANSWER Fee estate which will terminate if a condition stated in the deed comes into being or is te...

NEVADA NATIONAL REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Amortized Loans - -Constant payment including principle and interest until paid off Conventional Loan - -No government back; private Gross Lease - -Fixed amount- Residential rental Net Lease - -Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - -Fixed + % of profits ;; mall, retail spaces Ground Lease - -Long term land lease-- 99+ yr lead;; to build Leaseback - -Seller leases back after c...

Nevada Real Estate Key Realty Exam Questions + Answers Already Passed What is the smallest saleable portion of a Nevada subdivision called: Unit Which of the following are required of deeds to be enforceable: must have the grantors signature Personal property could be: emblements: aka crops Real property is: transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: Cloud? A chain of title: Lists all grantors and gran...

Florida Real Estate exam chapter 8 Questions and Answers 100% Pass Nature of property - Correct Answer ️️ -Allodial system allocates full property ownership rights to private individuals. Grew out of English feudal system. 1. Land 2. Real estate 3. Real property Physical components of land - Correct Answer ️️ -1. Surface rights. Land and water rights. 2. Subsurface rights. Mineral rights. 3. Air rights. Space above a tract, extending up to a height established by law. Types of...

Real Estate Terms for MO All Answers Correct Estate for Years - ️ A leasehold interest that exists for a specified time with a definite start and end date; does not end due to the death of either party or the sale of the property; no notice is required for termination. Personal Property - ️ Items that are movable and not classified as real property, often referred to as chattels, such as cars, cash, and stocks. Chattel - ️ A term used to describe personal property as opposed to r...

clustering - examples: apparel stores in a mall or any business where customers like to comparison-shop raw land - land that does NOT include structures or any improvements role of government in real estate - - local govt has the most influence - state govt has the least effect - national govt also has significant impact how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings 2. used to denote the bundle of rights associated w/ ownership of assets 3....

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...

What is the smallest saleable portion of a Nevada subdivision called: - Answer Unit Which of the following are required of deeds to be enforceable: - Answer must have the grantors signature Personal property could be: - Answer emblements: aka crops Real property is: - Answer transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: - Answer Cloud? A chain of title: - Answer Lists all grantors and grantees...

1 square mile (acres) - 640 acres 1. limited in time 2. right of disposition 3. no titled interests - how do leasehold estates differ from freehold estates? 1. location monopoly 2. externalities 3. incomplete information - what is the economic basis for government regulation of real estate 1. mortgage 2. financial crisis 3. recession - 3 phases of 2007 collapse 1. user market 2. financial/capital market 3. government sector - Which markets is real estate influenced by? 3 ways to des...

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...