Expiration: lease term expired
Agreement: TT surrenders possession & LL accepts
Destruction: destruction of property terms. lease
Condemnation: government taking property through eminent domain
Merger: TT becomes the owner of property
Give this one a try later!
Termination of leases
A freehold estate that lasts only as long as a specified person lives.
Give this one a try later!
Life Estates
,The purpose of homestead is to protect equality in the____
Give this one a try later!
principal/primary residents
Homestead helps to protect principal/primary residents from____
Give this one a try later!
general creditors
-the RE is sold, but not the businesses to an investor under the condition of investor
leasing back the premises on a long term net lease basis
Give this one a try later!
Sale and leaseback
Tenant is also known as the____
Give this one a try later!
Lessee
, When a life tenant impairs the value of the property, it is referred to as____
Give this one a try later!
Waste(2)
The statutory life estate recognized in AZ is____
Give this one a try later!
Homestead.
At any time, a person can have a maximum of____homestead(s)
Give this one a try later!
of one homestead at a time
-most common lease for residential
-straight lease, flat lease
-TT pays a set amount in monthly rent
-LL responsible for ALL building expenses
Give this one a try later!
Agreement: TT surrenders possession & LL accepts
Destruction: destruction of property terms. lease
Condemnation: government taking property through eminent domain
Merger: TT becomes the owner of property
Give this one a try later!
Termination of leases
A freehold estate that lasts only as long as a specified person lives.
Give this one a try later!
Life Estates
,The purpose of homestead is to protect equality in the____
Give this one a try later!
principal/primary residents
Homestead helps to protect principal/primary residents from____
Give this one a try later!
general creditors
-the RE is sold, but not the businesses to an investor under the condition of investor
leasing back the premises on a long term net lease basis
Give this one a try later!
Sale and leaseback
Tenant is also known as the____
Give this one a try later!
Lessee
, When a life tenant impairs the value of the property, it is referred to as____
Give this one a try later!
Waste(2)
The statutory life estate recognized in AZ is____
Give this one a try later!
Homestead.
At any time, a person can have a maximum of____homestead(s)
Give this one a try later!
of one homestead at a time
-most common lease for residential
-straight lease, flat lease
-TT pays a set amount in monthly rent
-LL responsible for ALL building expenses
Give this one a try later!
