Suspect Classification
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race, religion, ethnic origin
Right to Use and Enjoyment
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rights of fee simple title
Triple Lease
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tenant does everything (pays for rent, taxes, and utilities)
- usually commercial
Procedures to Evict
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must prove notice that the tenant was in default- notice sent via certified
mail or by personal service
Lender's Fees
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any fees associated with giving the loan and other fees assessed by the
lender. Many lenders require the borrower to pay additional money each
month for the annual hazard insurance premium. Lender will set aside extra
funds as "escrow accounts" and then pay insurance and taxes annually
Tenant's Duties and Rights
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, - right to use and enjoyment
- tenant duties
- responsibility for damages to leased premises
Real Estate Agent's Commission
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commission is paid out in a series of smaller checks, all made out to the
different individuals involved in the sale
Compensatory Damages
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damages may be paid to tenant or landlord
- calculate comp. damages for tenant by calculating fair market value-
amount of the rent paid by the new tenant
Consideration Recitals
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establishes that both parties have surrendered something of value in
exchange for something else of value
, Buyer's Docs for Closing
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- promissory note to lender
- mortgage to lender
- title policy given to lender
- HUD settlement statement (fed. law)
- truth in lending statement from Bank (includes amitirization form)
Delivery in Escrow
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an escrow closing allows the grantor to deliver the deed prior to the actual
date of closing and relieves the grantor of the responsibility of being
present at the actual closing
Terminating a Tenancy For Years
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expires by its own terms
- not required to give notice
- must express intention to renew prior to termination, or lease will
automatically expire
Survey
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race, religion, ethnic origin
Right to Use and Enjoyment
Give this one a try later!
rights of fee simple title
Triple Lease
,Give this one a try later!
tenant does everything (pays for rent, taxes, and utilities)
- usually commercial
Procedures to Evict
Give this one a try later!
must prove notice that the tenant was in default- notice sent via certified
mail or by personal service
Lender's Fees
Give this one a try later!
any fees associated with giving the loan and other fees assessed by the
lender. Many lenders require the borrower to pay additional money each
month for the annual hazard insurance premium. Lender will set aside extra
funds as "escrow accounts" and then pay insurance and taxes annually
Tenant's Duties and Rights
Give this one a try later!
, - right to use and enjoyment
- tenant duties
- responsibility for damages to leased premises
Real Estate Agent's Commission
Give this one a try later!
commission is paid out in a series of smaller checks, all made out to the
different individuals involved in the sale
Compensatory Damages
Give this one a try later!
damages may be paid to tenant or landlord
- calculate comp. damages for tenant by calculating fair market value-
amount of the rent paid by the new tenant
Consideration Recitals
Give this one a try later!
establishes that both parties have surrendered something of value in
exchange for something else of value
, Buyer's Docs for Closing
Give this one a try later!
- promissory note to lender
- mortgage to lender
- title policy given to lender
- HUD settlement statement (fed. law)
- truth in lending statement from Bank (includes amitirization form)
Delivery in Escrow
Give this one a try later!
an escrow closing allows the grantor to deliver the deed prior to the actual
date of closing and relieves the grantor of the responsibility of being
present at the actual closing
Terminating a Tenancy For Years
Give this one a try later!
expires by its own terms
- not required to give notice
- must express intention to renew prior to termination, or lease will
automatically expire
Survey
