Such as tenants - Study guides, Class notes & Summaries

Mary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. The damage is significant and Mary will have to move out while it is being repaired. Which tenants policy section will cover the cost of providing her with a temporary place to live? Select one: a. Property contents b. Additional living expenses c. Accident benefits d. Liability insurance - Answer-b. Additional living expenses. Similar to homeowners' insurance, a tenants policy carries...

A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. I...

Which of the following are NOT included in the description of land? a. The earth's surface extending downward to the center of the earth. b. A sewer system. c. Trees and water on the earth's surface. d. Formations such as hills and plateaus. (Ans- b. A property is owned as joint tenants. If one of the owners dies, a. his share of the property passes to the surviving owner immediately. b. the surviving tenant has to wait for the property to go through probate. c. the owner who died ...

National Real Estate Exam Portion for Ohio Latest Update 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 2 or more people own equal righ...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

- Chapter 1- older version -what are the services required, which can be eliminated, what needs to be added, has occupancy changed , what's include din lease agreements - then determine upcoming contracts for the next year . As property manager, Rudy approves invoices for payment, but he knows that some invoices, such as an invoice for ..blank.., will require approval from the owners. - a. new carpeting for a 20,000-square-foot unit b. one new desk chair for the management office c. sal...

property market equation - space market / capital market buildings built on air rights - MetLife Building, New York tangible property - Physical asset that can be owned Can be real or personal property EX: Real property, (land and other assets that are permanently attached to the land) buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, roads. EX: Personal property, (property that is moveable) vehicles, furniture, boats, and collectibles. intangible property -...

Azure Active Directory (Azure AD/AAD) : A multi-tenant, cloud-based directory, and identity management service. Provides identity management and access control capabilities for your cloud applications. Helps employees sign in & access resources in: 1. External Resources - Office 365, Azure Portal, SaaS applcations 2. Internal resources - apps on corporate network & intranet, along with cloud apps developed by your org Who Uses Azure AD? (3) 2 : 1. IT Admins - control access to apps &...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

CHAPTER 10 Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Brainpower Read More Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have in real...