A constructive eviction - Study guides, Class notes & Summaries

REAL 4000 Exam 2 LCPQ Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is adverse possession in real estate law? Adverse possession is a legal principle allowing someone to claim ownership of land after occupying it openly and continuously for a certain period without the owner’s permission. What is a promissory note? A promissory note is a written agreement in which a borrower promises to repay a loan under specified terms. What is joint tenancy? Joint ...

At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits - Answer-A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% - Answer-D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly payments of $403 per month. What is true of this loan? A) $135...

Tenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ANSWER 2 or more people own equal rights with the right of survivors...

At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits - Answer- A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% - Answer- D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly payments of $403 per month. What is true of this loan?...

OKLAHOMA REAL ESTATE EXAM PREP LATEST UPDATE GRADED A+ WHAT TYPE OF CONTRACT IS A REAL ESTATE OPTION CONTRACT? UNILATERAL CONTRACT DURING AN APPRAISAL OF A RESIDENTIAL PROPERTY AN APPRAISER ESTIMATES THE COST OF REBUILDING THE SUBJECT PROPERTY SO THAT IT IS IDENTICAL TO ITS CURRENT SIZE AND CONDITION IS AN EXAMPLE OF WHAT TYPE OF APPRAISAL PRINCIPLE? SUBSTITUTION ACCORDING TO THE STATUTE OF FRAUDS IN ORDER FOR A REAL ESTATE SALES CONTRACT TO BE ENFORCEABLE IN COURT THEY MUST BE ...

CMCP Quiz Questions with Complete Solutions Quiz 1 Question 1: The three summary accounts represented in the fundamental accounting equations are: Assets = liability + owner's equity Quiz 1 Question 2: Jim tells a friend that some of the job functions he performs include acquiring property, paying for it, and reporting on what is acquired. These functions are a part of the _____ cycle Expenditure Quiz 1 Question 3: A company's abilities can be demonstrated by which three basic f...

1 NATIONAL REAL ESTATE EXAM PORTION FOR OHIO/ REVIEW QUESTIONS AND ANSWERS, GRADED A+ Tenancy at Will - -No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - -Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - -Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ...

At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly payments of $403 per month. What is true of this loan? A) $135,000 is t...

Who is responsible for the tenant in the event of a sublet? - Answer-The tenant is responsible for his sub-leasor. Manager is only responsible on original contract Constructive Eviction - Answer-Self eviction because the actions of a landlord are so materially disturbing or impairing a tenant's enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease UNDER THESE CONDITIONS, THE TENANT HAS NO LIABILITY FOR FURTHER RENT. Requirements for ext...

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...