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Chapter 7 property management UPDATED ACTUAL Exam Questions and CORRECT Answers

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Chapter 7 property management UPDATED ACTUAL Exam Questions and CORRECT Answers Landlord- lessor - CORRECT ANSWER Tenet - lessee - CORRECT ANSWER property Lease - CORRECT ANSWER - Owner of the property being rented release - The person or persons, renting, or leasing the - A contract for a set time, typically when one year or longer Rental agreement - CORRECT ANSWER - Different and that is usually made in a monthly basis and it's renewable at the end of each period.

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Chapter 7 property management UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Landlord- lessor - CORRECT ANSWER - Owner of the property being rented release



Tenet - lessee - CORRECT ANSWER - The person or persons, renting, or leasing the
property


Lease - CORRECT ANSWER - A contract for a set time, typically when one year or
longer


Rental agreement - CORRECT ANSWER - Different and that is usually made in a
monthly basis and it's renewable at the end of each period.


Chattel Real - CORRECT ANSWER - personal property



Leasehold - CORRECT ANSWER - An exclusive right to occupy, and use the property on
a temporary basis


Reversionary interest - CORRECT ANSWER - he, or she can regain possession at the end
of the leasehold period.


Demise - CORRECT ANSWER - A conveyance of an estate in real property, such as a
lease, did someone personally the time


Estate for years - CORRECT ANSWER - An agreement, in advance, between lessor and
lesse for use of property for a predetermine period of time.

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